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TodRose

GBP/USD Technical Analysis, low-test candle on the weekly chart

Libra Esterlina/Dólar Americano (FX_IDC:GBPUSD)  
TodRose  
FX_IDC:GBPUSD   Libra Esterlina/Dólar Americano
Trend Analysis Support and Resistance Fibonacci gbp-usd Technical Analysis Forex Currencies trading
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trendanalysis supportandresistance fibonacci gbp-usd technicalanalysis forex currencies trading
Technical analysis for the GBP/USD, the pair close the week with a low-test candle on the weekly chart. The price bounced from 0.500 and 0.386 FIB retracements on the monthly chart at 1.3170, which is a signal for a pullback. The first target of the pullback is the 0.386 FIB retracement on the daily chart at 1.3295. The second target is the resistance between the 0.500 and 0.618 FIB retracement at 1.3330 - 1.3380. The third target is the 0.386 FIB retracement on the weekly chart.
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