GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
WISHBONE GOLD PLC ORD 0.1P (DI), FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), METAL TIGER PLC ORD 0.01P, EDENVILLE ENERGY PLC ORD 0.02P, CANADIAN OVERSEAS PETROLEUM LIMITED COM SHS NPV (DI), LOCATION SCIENCES GROUP PLC ORD 0.01P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Looking at the technical view of the gbpusd we can see it has shown support multiple times on the weekly TF also considering 618 retracement levels we can see it is in line with the key support area around 1.3100. I hope to see a continuation of this pattern and break up to previous highs to 1.3600 before it goes beyond this level.
This pair has ran into weekly resistance area and is showing a potential a,b,c,d pattern formation to further complete in the long term. However the confluence with the 618 fib and a clear rejection off the daily candle stick merely touches the 148.000 level making it also show a clear LH being made in comparison to the previous 2 highs its made in the weeks ...
* A,B,C,D pattern
* Correlation with 4hourly TF trend line
*Fibonacci confluence level
*good 2:1 risk reward