EURUSD is trading near a 3-month high just shy of the 1.3900 psychological resistance area. The Euro has closed above weekly triangle resistance and a significant Fibonacci Level The lack of overhead ...
The S&P 500 is trading at new highs. GBPJPY is highly correlated to the S&P 500, but has not broken out of a triangle. GBPJPY has just rebounded from the daily 23.6% Fibonacci level which is bullish.
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). There is more to the world of Fibonacci than the more familiar retracements, ...
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