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GBP/USD

MrDustin2066의

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This is my latest on GBP/USD, using a muti-time framed analysis. This pair has been extremely bearish from a Monthly perspective and has found support around 1.2200, also included on the Weekly.

I have pulled a Fibonacci on the Daily from the impulse of March 10th, where price retraced to the 0.618 fib level and has now found support at the 0.5 (1.2200 price).

An opportunity lurks on the 4 hour perspective with a potential short and from a break out strategy perspective, we will wait for price action to break support and bottom of the bullish channel and make a push to the downside.

Please feel free to leave a comment and share your thoughts.

How does your analysis look?

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
This information given is not Financial Advice.

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