GU Fib Support Resistance Zones: GBPUSD: June 6

6 jun 2018

These zones are calculated using Fibonacci Ratios of past price moves.

The chart is stretched Vertically - Drag the Right side axis to change magnification.
There are zones above and below the current window, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up.

Obviously there are more zones closer to the current price.
The zones farther away from price will be wider (less precise).
As price moves, I will update as new zones are defined by upcoming Fibs.
Once price has moves out of the nearby zones, I will Publish a new updated Idea.

Hit the Follow button to know when I post updates or new Zone chart.

11 jun 2018

Nota

GBP has some bad Economic news.
It is trying to hold this fib zone, but it probably will not.
If it break below with momentum, it could go down all week.

11 jun 2018

Nota

I know, 1 minute chart! lol.
But interesting action in the fib zone, and now looking broken.
But NOT below local low, yet....

11 jun 2018

Nota

Uh oh, GU headed down to next zone

12 jun 2018

Nota

Updated Support Resistance zones based on recent price action.
Bright Blue zones are what I might add to change to, depending on price action tonight.

12 jun 2018

Nota

13 jun 2018

Nota

GU still following fib from last picture, nice bounce of .618 extension