GBPUSD Critical bearish reversal region. I believe if we can stay below
Fibonacci Swing 50% 1.330 Price will be launched
to the downside. You can see the bearish pinbar in our
reversal region signifying that the bulls are losing steam.
The 50% fibonacci level is also in confluence with prior Resistance Zone.
If this reversal region does old and the pullback is complete
we can see price head down to D1 Fibonacci Extension -27% at 1.3200.
Fibonacci Swing 50% 1.330 Price will be launched
to the downside. You can see the bearish pinbar in our
reversal region signifying that the bulls are losing steam.
The 50% fibonacci level is also in confluence with prior Resistance Zone.
If this reversal region does old and the pullback is complete
we can see price head down to D1 Fibonacci Extension -27% at 1.3200.