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Gbp/Usd upward move should now be finally over after hitting target of 1.7
and a shift to bearish sentiment would seem imminent
I believe that the Gbp/Usd is too high at the moment
but has continued to stay so until 1.7 target was broken
I think we will see a quick decline in the pair in a short while now
To show you how I estimate the first target we first turn to the weekly chart:
here we see that weekly Fibonacci Pivot Point lies around 1.677, an area that would be a natural first pullback an…
and a shift to bearish sentiment would seem imminent
I believe that the Gbp/Usd is too high at the moment
but has continued to stay so until 1.7 target was broken
I think we will see a quick decline in the pair in a short while now
To show you how I estimate the first target we first turn to the weekly chart:
here we see that weekly Fibonacci Pivot Point lies around 1.677, an area that would be a natural first pullback an…