The GBP/USD had a bullish ‘Regular Divergence Trade Setup’ this week and last week in the Forex Market. Giving Forex traders between one hundred and 300 hundred pips. Depending what your entry price was.
However, using the ‘Fibonacci Measuring Tool.’ We saw price bounce of the 38.2% Fibonacci level. Then it smashed up through the 50.0%. And then up to the 61.8% Fibonacci retracement level. We have strong major support at 1.2900. And resistance at 1.3260.
