The Fibonacci extension tool is used mainly for finding possible profit targets. These levels are based on the Fibonacci ratios and the two main extension levels are the 1.272 and the 1.618. Generally
<p>GBP/USD is rising amid renewed USD weakness and after stronger-than-expected UK retail sales. UK retail sales jumped 0.7% MoM in June, up from 0.3% in May and well ahead of the 0.2% forecast
<p>Pivot</p> <p> (invalidation): 1.1555 Our preference</p> <p>Long positions above 1.1555 with targets at 1.1585 & 1.1600 in extension.</p> <p&g
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