Technical Analysis Post

GBPUSD Again Retrace? 30.03.2023

| 30 March, 2023 at 11:24 GMT

GBPUSD Again Retrace? 30.03.2023 by BDSwiss_Academy on TradingView.com

Pairs experience volatility again!

GBPUSD has risen over 50 pips this morning following a reversal.

Good possibility of retracement back to 61.8% if the rapid move ended at the 100% level, as indicated.

Alternative scenario:

Maybe it is too early to consider that the movement ended. Breaking 1.23620 resistance level
would give extra push for 1.23900.