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How will the GBPUSD price move forward?
Which I can read from the indicators I use, and the current screen shoot like the following picture. Where the price position is now at 1.27997, with the lower limit with the Fibonacci I set 0% (1.27724) with the first upper limit of 23.6% (1.28336) which means the current price is more or less hanging in the middle between the upper and lower bounds.
By using Stochastic (5.3, SMA, 3, SMA), where Slow% K: 37.913 will cut Slow% D: 48.524 from above, which means we can read as a signal of price drop. And I can mean the future bearis will continue for this couple.
Which I can read from the indicators I use, and the current screen shoot like the following picture. Where the price position is now at 1.27997, with the lower limit with the Fibonacci I set 0% (1.27724) with the first upper limit of 23.6% (1.28336) which means the current price is more or less hanging in the middle between the upper and lower bounds.
By using Stochastic (5.3, SMA, 3, SMA), where Slow% K: 37.913 will cut Slow% D: 48.524 from above, which means we can read as a signal of price drop. And I can mean the future bearis will continue for this couple.
