GBP USD Daily Technical Analysis
Pin bar on daily chart means this pair could gradually turn our attention to the downside for few days.
Coincidentally this is also the 61.8% retracement of the fibo drawn from 1.5245 high and 1.3829 most recent low.
Today price is about to close below 38.2% of the same fibo. and also closing below my trend indicator (EMA).
if today price closes below 38.2% of the fibo. then the bearish mode is activated for next week.
Good luck with your trading.
Coincidentally this is also the 61.8% retracement of the fibo drawn from 1.5245 high and 1.3829 most recent low.
Today price is about to close below 38.2% of the same fibo. and also closing below my trend indicator (EMA).
if today price closes below 38.2% of the fibo. then the bearish mode is activated for next week.
Good luck with your trading.
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