Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
GBP/USD waiting to test a supply area
2019-11-11 • Updated
GBP/USD has been recently favored by a weak USD across the marks and now it’s doing a rebound from the low of 1.2772. That move could put the pair on the way to reach the supply zone established between the 1.3077 and 1.3019 levels, at which lies a strong territory for sellers, according to our Fibonacci projections.
RSI indicator remains slightly below the 50 level territory, favoring for a consolidation before any significant move.
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