FX.co ★ GBP/USD

Looking at GBPUSD through Fibonacci numbers. The daily high of 1.35335 corresponds to the 100% Fibonacci level. The daily low of 1.34913 is equivalent to the 0% Fibonacci level. These extremes relate to the previous daily candle. This kind of Fibonacci grid setup allows for consistent adjustment every day, enhancing the tracking of market movements, identifying patterns, and regularities to make trading decisions. Currently, the current price of 1.34896 is between -50% (1.34702) and 0% (1.34913). Based on this market positioning, I am looking for selling opportunities from levels within this range. The key levels include 0% (1.34913) for a retracement towards it, the most advantageous place for selling with the highest profit potential. The levels of -23.6% (1.34813) and -38.2% (1.34752) saturate and color the sales with their properties as resistance levels, along with the precision with which the price approaches them. I will take profit at the level of -76.4% (1.34591).