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GBP/USD Wave 4 Bounce at 38.2% Fib Challenges 1.32

June 18, 2018 08:53

GBP/USD

4 hour

The GBP/USD bearish breakout is seeing a bullish retracement at the moment but the downtrend could continue if the price manages to break below 1.32. In that case the next target could be at 1.30.

1 hour

The GBP/USD seems to be building a wave 4 retracement. The price has respected and turned at the 38.2% Fibonacci retracement levels, which could indicate the start of a wave 5.

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