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GBPUSD is Rising Above Fibonacci %61.8 Level

November 10, 2020
in ANALYSIS, Forex, Technical Analysis
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GBPUSD, Uptrend and Fibonacci Levels

After this morning’s better than expected “jobless claims change” data, GBPUSD broke above %61.8 fibo level. A parallel of bullish trend line and fibo %76.4 level is created a resistance zone near 1.3265-1.3292. If we saw session closes above this zone, last top of 1.3482 can be targeted. Otherwise upward pressure can ease a bit and a move to the lower trend line may begin.

Tags: Fibonacci LevelsForexGBPUSDTechnical Analysis
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