FX.co - GBP/USD testing resistance, potential reversal!

2019-07-11T05:34:00

Relevance until2019-07-12

GBPUSD is testing our first resistance where we might be seeing a drop below this level.

Entry: 1.2520

Why it's good : horizontal pullback resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension

Stop Loss : 1.2576

Why it's good : 38.2% Fibonacci retracement

Take Profit : 1.2460

Why it's good: 61.8% Fibonacci extension

GBP/USD testing resistance, potential reversal!

*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 testing resistance, potential reversal!