Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 03 - 05:55 AM

GBP/USD - On Course To Test A Major Fibo Below

By Martin Miller  —  Sep 03 - 03:45 AM
  • But long upper shadow on Tuesday's candle points to a deeper setback

  • Risk grow for losses to the 1.3191 Fibo in coming sessions

  • 1.3191 Fibo is 23.6% of the 1.2252 to 1.3481 (June to September) rise

  • GBP/USD monthly close above the major 1.3245 Fibo was a bullish sign

  • 1.3245 Fibo is a 61.8% retrace of the 1.4377 to 1.1413 (2018 to 2020)

  • GBP/USD Trader TGM2338. EUR/USD drop could accelerate nL1N2G006R

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!