British Pound / U.S. DollarUpdated GBPUSD key level
Trend line that was broken on 29th december is now being tested as support
Is also the mid point in the long term channel & .5 fib retrace off brexit crash and subsequent lows
Short term look; Parallel channel + support at 20 RSI
Is also the mid point in the long term channel & .5 fib retrace off brexit crash and subsequent lows
Short term look; Parallel channel + support at 20 RSI
Note
Break below channel rebounded immediately off long term .5 fib retrace + some RSI divergence
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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.