By Martin Miller — Dec 16 - 04:15 AM
Failed to register weekly closes above the 1.2289 Fibo, two weeks in a row
1.2289 Fibo is a 50% retrace of the 1.4250 to 1.0327 (2021 to 2022) fall
On course to fail this week also, leave a upper shadow on this week's candle
That would signal an upside rejection, likely lead to a big drop into 2023
Interim supply comes in at the daily tenkan line, currently at 1.2277
GBP/USD Trader TGM2338
Source:
Refinitiv IFR Research/Market Commentary