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Gbp/Usd has been in a steep decline down from the 1.72 highs
The pair has seemed to have found a support area around 1.56 on its way down
We will see if the retracement is on
On the weekly chart we can see the bullish candle after the failiure to break below 1.56 level,
this indicates that the pair has formed support there and will now move up
We can also see that a bullish divergence is occuring on the stoichastic indicator
We can estimate the retracement back up through the weekly and daily fi…
The pair has seemed to have found a support area around 1.56 on its way down
We will see if the retracement is on
On the weekly chart we can see the bullish candle after the failiure to break below 1.56 level,
this indicates that the pair has formed support there and will now move up
We can also see that a bullish divergence is occuring on the stoichastic indicator
We can estimate the retracement back up through the weekly and daily fi…