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GBP/USD Expands Wave 4 Towards 38.2% Fibonacci Level

Discussion in 'Technical Analysis' started by Kaitlin, Feb 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD indeed bounced at the support trend line (green) and Fibonacci level. Price is now approaching the resistance level (orange) and top of the contracting triangle chart pattern. A break above resistance could see price move to higher Fibonacci targets.[​IMG]

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