AndrewMagar

GBPUSD RETRACEMENT AND BOUNCE BACK

Long
FX:GBPUSD   British Pound / U.S. Dollar
The previous trendline was broken making higher high in the pair. However, eventually it has retraced to Fibonacci Golden Level 61.8 and to add on there has been significant bullish engulfing pattern regardless of positive US CB Consumer Confidence. And I think DXY has also pullback to a significant zone and is likely to go down with chart pattern theories.
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