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

2019-06-19T02:25:17

Relevance until2019-06-20

GBPUSD is near resistance, a drop to 1st support is possible

Entry: 1.2564

Why it's good : 61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance

Stop Loss : 1.2660

Why it's good :horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension

Take Profit : 1.2462

Why it's good: 100% Fibonacci extension

GBP/USD near 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 near resistance, a drop is possible!