FX.co - GBP/USD approaching resistance, potential drop!

2019-06-25T04:01:49

Relevance until2019-06-26

GBPUSD is approaching resistance where we might see a drop in price.

Entry: 1.2777

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

Stop Loss : 1.2813

Why it's good : Horizontal swing high resistance

Take Profit : 1.2715

Why it's good: 61.8% Fibonacci extension, 23.6% Fibonacci retracement, Horizontal overlap support

GBP/USD approaching resistance, potential drop!

*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 approaching resistance, potential drop!