Derived Data That Drive Results
By Martin Miller — Oct 29 - 06:20 AM
GBP/USD failed to sustain the recent break under the 1.2959 Fibo
1.2959 Fibo is a 61.8% retrace of the 1.2666 to 1.3434 (Aug to Sept) rise
That has shifted the overall bias back to the upside
There is scope for a bigger recovery to the October 18 1.3070 peak
A bear trap is set when a market breaks below a tech level but then reverses
GBP/USD Trader TGM2338
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
