Forex Trading Ideas: GBP/USD Rallies Up!!!

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“Buy Low & Sell High!”

The GBP/USD had a bullish ‘Double Bottom Divergence Trade Setup’ last week in the Forex Market. Giving Forex traders between two hundred and four hundred and twenty pips. Depending what your entry price was.

However, using the ‘Fibonacci Measuring Tool.’ We saw price bounce off of the 38.2% Fibonacci level. Then it ran up and past the 100.0%. We have strong major support at 1.2750 And resistance at 1.3065.