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

2019-06-20T02:58:38

Relevance until2019-06-21

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

Entry: 1.2711

Why it's good : 100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 1.2759

Why it's good :horizontal swing high resistance

Take Profit : 1.2635

Why it's good: 38.2% Fibonacci retracement

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!