GBPUSD Weekly also looking alot like the EURUSD. Last weeks candle - TopicsExpress

GBPUSD Weekly also looking alot like the EURUSD. Last weeks candle a SPINNING TOP under the weekly fib - this week we needed to see a confirmation candle - ideally in the direction of LT trend - that looks like it might not be the case. As I mentioned earlier - there is still 2 full days of trading - alot can change in that time period. Ideally Price MUST remain below 38.2% fib level @ 1.57213 to remain bearish - otherwise a close higher would indicate further possibilities for greater pullbacvk bias and the 50% or 200sma on weekly chart looks like a potential target going into 1st week of December

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