After the rally, GBPUSD ended last two weeks with two bearish candlesticks. Price entered into the cloud but remained above Kijun Sen and Tenkan Sen. GBPUSD has tested 1.33325 Fibonacci Retracement 50% of the movement started in May 2016. From Tenkan Sen we can see that the market is ranging but bullish.
We have 2 important supports 1.33325 and 1.31864 Fibonacci Retracement 76.40%. All pullbacks to those levels can be used as buying opportunities.



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