GBPUSD Heading towards 50% retracement from March low cycle

The pair has nicely retraced to the 38.2% level from March low cycle however more downside is imminent due to more dollar strength in the market.

Also very nice divergence on the 4hour chart in the last few highs.

Possible final target will be the 50% retracement and it is due for the next one to 2 months time.

This is only for educational purposes only.

Transaction en cours