FX.co - GBP/USD to test resistance, a drop is possible!

2019-06-12T02:16:04

Relevance until2019-06-13

GBPUSD to test key resistance, a drop to 1st support is possible

Entry: 1.2764

Why it's good : 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 1.2871

Why it's good :50% Fibonacci retracement,100% Fibonacci extension, horizontal pullback resistance

Take Profit : 1.2652

Why it's good: 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support

GBP/USD to test resistance, a drop is possible!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ GBP/USD to test resistance, a drop is possible!