Potential re-test fibo 0.786 and continue the trend
GBPUSD price movement is still in an uptrend, but will experience a retest of the 0.786 Fibonacci ratio at 1.36480.
i have a little opinion that the price will continue the uptrend considering there is a bullish divergence on the price decline but the oscillator on the RSI shows an increase.
however, retesting the price areas mentioned earlier is inevitable because the price needs to make stronger support in order to continue the trend.
i have a little opinion that the price will continue the uptrend considering there is a bullish divergence on the price decline but the oscillator on the RSI shows an increase.
however, retesting the price areas mentioned earlier is inevitable because the price needs to make stronger support in order to continue the trend.