GBP/USD Bouncing off Double Bottom Level – Brace for a Sell Setup!

Name: GBP/USD Bouncing off Double Bottom Level - Brace for a Sell Setup!
Uploaded: 2020-08-20T11:23
Duration: 4 min 48 s
Channel: Arslan Ali
Description: The GBP/USD bounced off the support level of 1.3070 in order to complete a 38.2% Fibonacci retracement at 1.3145 level. Closing of candles below this level can drive selling bias in the Cable.

Written by Arslan Ali

Arslan Ali

Arslan is a seasoned expert in the world of derivatives, with a specialization in cryptocurrency, forex, commodities, and indices. As a professional live webinar speaker, he shares his insights with audiences worldwide.

, | Updated: November 9, 2023

The GBP/USD bounced off the support level of 1.3070 in order to complete a 38.2% Fibonacci retracement at 1.3145 level. Closing of candles below this level can drive selling bias in the Cable. Check out a quick trade plan in the GBP/USD analysis video.

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