GBP/USD's rebound extends further to as high as 1.6293 so far today. At this point, intraday bias remains on the upside and the corrective rise from 1.5829 is still expected to continue to 100% projection of 1.5829 to 1.6327 from 1.5896 at 1.6304 and above. Nevertheless, we'd still expect upside to be limited below 61.8% retracement of 1.6875 to 1.5829 at 1.6475 and bring resumption of the whole fall from 1.6875. On the downside, below 1.6192 minor support will turn intraday bias neutral first. Further break of 1.6062 support will indicate that such correction has possibly completed and recent fall is resuming for 1.5829 and below.
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Veni, Vidi, Vici (We came, we saw, we conquered)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
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DRAGON-TECHNICAL ANALYSIS!
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