>> After strong upside movement in GBPUSD now started forming lower high.
>> GBPUSD is taking support near by 1.36, which is also a important level of Fibonacci Retracement 38.2%
>> Price start moving up in mid of july after formation of Bullish engulfing but fail to make higher high.
>> Price again start moving up by forming morning star near the support of previous bullish engulfing and FR 38.2%, but fail to make higher high
>> Thursday again formed bullish engulfing candlestick but the next day price did not confirm the strength of buyer. If price fail to sustain at 1.36 which acted as very strong support. Then GBPUSD will fall to the next level 1.32
>> Dollar index is showing strength, which is positive for dollar.
>> GBPUSD is taking support near by 1.36, which is also a important level of Fibonacci Retracement 38.2%
>> Price start moving up in mid of july after formation of Bullish engulfing but fail to make higher high.
>> Price again start moving up by forming morning star near the support of previous bullish engulfing and FR 38.2%, but fail to make higher high
>> Thursday again formed bullish engulfing candlestick but the next day price did not confirm the strength of buyer. If price fail to sustain at 1.36 which acted as very strong support. Then GBPUSD will fall to the next level 1.32
>> Dollar index is showing strength, which is positive for dollar.