GBPUSD POSSIBLE BUY OPPORTUNITY... THE POWER OF THE FIB

11 mag 2020

Towards the end of last week we have seen that GBPUSD has been on a winning streak, but will this continue? We can establish a wave formation and using the Fibonacci retracement tool here was the most plausible along with other methods. If all goes to plan and the London session is good it is safe to say that the level .248 (TP1) will almost definitely be met. TP1 is placed at a key resistance level, hence why it is the safe option. Whilst TP2 is placed at the level above next level of the Fibonacci sequence. This is a pair to keep your eye on.