GBPUSD Again Retrace? 30.03.2023

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GBPUSD Again Retrace? 30.03.2023 by BDSwiss_Academy on

Pairs experience volatility again!

GBPUSD has risen over 50 pips this morning following a reversal.

Good possibility of retracement back to 61.8% if the rapid move ended at the 100% level, as indicated.

Alternative scenario:

Maybe it is too early to consider that the movement ended. Breaking 1.23620 resistance level
would give extra push for 1.23900.

Risk Warning: Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. General Risk Disclosure