GBPUSD WITHIN REVERSAL PRICE ZONE 13500-13300
GBP has taken no mercy on buyer and now it is within my lower price zone of 13500-13300, currently around 13450's, on the hourly chart as one can see there are
potentially 3 equal moves coming up with a low around 13300, time to be cautious as price will likely consolidate from this zone.
Some might be looking for either the 38%-62% reversals, price is at around 38% from 11905-14375, is this the end or will it still go lower, that is for you to decide.
price is nearly 950pips lower from the highs of 14375.
Once price makes a low within 13300-13200, however caution required as it could get to 13000 if 13200 does not consolidate support.
Below 13000 then it is obvious 12800 which is 62%(618), however that it is 600pips from 13450 which could be another 1 month to complete.
potentially 3 equal moves coming up with a low around 13300, time to be cautious as price will likely consolidate from this zone.
Some might be looking for either the 38%-62% reversals, price is at around 38% from 11905-14375, is this the end or will it still go lower, that is for you to decide.
price is nearly 950pips lower from the highs of 14375.
Once price makes a low within 13300-13200, however caution required as it could get to 13000 if 13200 does not consolidate support.
Below 13000 then it is obvious 12800 which is 62%(618), however that it is 600pips from 13450 which could be another 1 month to complete.
