InvestMate|GBP/USD Falling to support zone💷💵

💷💵GBP/USD Falling to support zone

💷💵As I predicted in the last post perfectly the start of the declines:

💷💵This time I would like to update my perspective and bring you up to date with the current key spots on the chart.

💷💵The nearest support zone is around the 1.19 level where the fibo level of 0.236 of the current upward wave from the bottom is located.

💷💵Very likely we will see this level in the coming days.

💷💵The stronger support zone is around the 1.16 level, where there is a cluster of as many as three fibo levels. The first is the 0.382 level of the same wave as the first support zone. The second level is 1.272 of the entire upward wave from the 2001 bottom to the 2007 peak. The third level is 0.886 of the entire upward wave from the 1985 bottom to the 1992 peak.

💷💵I don't know if the price will get as far as there, but I don't rule out any option.

💷💵The scenario I am playing out is a continuation of the decline with a target level at the first support zone where I expect some kind of reaction. I will be watching the price behaviour closely at this point. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💷💵 *Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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