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Lower Low On GBP/USD Challenges 1.30 Round Level

Discussion in 'Technical Analysis' started by Kaitlin, Jun 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD did not manage to break the support trend line (green) and could now retrace to higher Fibonacci resistance. The most likely wave count would suggest a wave 1-2 (green) within a wave 5 (purple) breakout. The wave 1-2 becomes invalidated if price were to break above the 100%[​IMG]

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