With the 4H 200MA and a falling trend-line since June 25 limiting the GBP/USD pair’s near-term upside, the quote witnesses pullback to 1.2245 during Friday’s Asian session.
As a result, prices are likely to visit 23.6% Fibonacci retracement of June-August downpour, at 1.2200 whereas 1.2180 and a nine-day long descending support-line at 1.2080 will be crucial to watch afterward.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.