GBP looking to recover recover key 1.2346 level

FX:GBPUSD   British Pound / U.S. Dollar
GBP/USD remains in the lower third of the 23.6 to 0.00 Fibonacci level as it attempts to recover 1.2346 support that failed on Wednesday. A move below 1.2218 opens a possible retest of 1.1914.
BEARISH fundamentally and only a move above 1.2706 shifts the trend to BULLISH .
Very light GBP news week with just the Annual Budget Release Wednesday and Manufacturing Production on Friday.

Trade recommendation.
Look to BUY from the open if 1.2276 remains intact.
SELL at 1.2334 support turned resistance
SELL below 1.2218


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter