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British Pound / U.S. Dollar
Short

Fibonacci Retracement on GBPUSD

53
GBPUSD

Fibonacci Retracement on GBPUSD indicates that lower low formation prevails at daily timeframe.
It is approaching towards weekly support level of 1.20; which will further confirm its next move. It will make a double bottom and retest 1.24 or further move down around 1.17-1.16.
wasif87
Chart PatternsFibonaccifibonaccianalysisFibonacci RetracementGBPUSDTechnical IndicatorsTechnical Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsFibonaccifibonaccianalysisFibonacci RetracementGBPUSDTechnical IndicatorsTechnical Analysis
wasif87

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.