The GBP/USD had a bullish ‘Double Bottom Divergence Trade Setup’ this week in the Forex Market. Giving Forex traders between one hundred and two hundred pips. Depending what your entry price was.
However, using the ‘Fibonacci Measuring Tool.’ We saw price break through the 50.0% and the 61.8% Fibonacci level. We have strong major support at 1.3000. And resistance at 1.3265.