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Forex Trading Ideas: GBP/USD Slowly Moves Down!

Jason Sweezey

January 18, 2020

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“Buy Low And Sell High!”

The GBP/USD had a bearish ‘Regular Divergence Trade Setup’ this past few weeks 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 bounce off of the 61.8% Fibonacci level. We have strong major support at 1.2965 And we have strong major resistance at 1.3120.

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Forex Trading Ideas: GBP/USD Slowly Moves Down!

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