The GBP/USD had a bearish ‘Double TOP Divergence Trade Setup’ this week in the Forex Market. Giving Forex traders between fifty and 100 pips depending what your entry price was. However, using the ‘Fibonacci Measuring Tool’ we saw price bounce of the 38.2 Fibonacci level 2 times. Then it smashed through the 50.00% and stalled at the 61.8 Fibonacci retracement level for awhile. But later in the day on Friday, we also saw price almost come very close to the 78.6 Fibonacci price level. We have strong major support at 1.2820 and major resistance at 1.2970.
.
.
.
.
