Reversal/Buy Zone GBPUSD.
Buy zone long term reversal gbpusd daily chart 1.3240 - 1.3075. 165 pips zone area strong monthly broken resistance that may act as potential support from this zone. No longs until the zone then see price action. Still minimum 241 pips to the highest level of the zone remaining to fall from current price as in the chart. Max 406 pips to the lowest level of the zone.
38.2% fib level of daily impulsive wave, the buy zone as per the analysis shown above.
38.2% fib level of daily impulsive wave, the buy zone as per the analysis shown above.
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