I'm bearish on the GBPUSD overall, but I wouldn't discount the opportunity for it to bounce off this Monthly fib line and spend some time retracing. If it closes below about 1.517, I'll consider it a Sell signal and anticipate it going for 1.511, giving me a 1:35 RR. If it breaks to the upside, I'll wait and watch.
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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.