GBPUSD coming into important support at least for the short
term. Allow for the completion of the retracement around the
23% level before testing the long side. Then place entries to
buy as close to the 1.6227 level with a stop just beneath the
level expecting a push back toward 1.6667 as long as there is
not a strong pierce down through the closest fib level. Long term
prospects point higher if this level fails. Consider the ranges
between the fib levels as well. This will provide for some good scalps.
term. Allow for the completion of the retracement around the
23% level before testing the long side. Then place entries to
buy as close to the 1.6227 level with a stop just beneath the
level expecting a push back toward 1.6667 as long as there is
not a strong pierce down through the closest fib level. Long term
prospects point higher if this level fails. Consider the ranges
between the fib levels as well. This will provide for some good scalps.