FX.co - GBP/USD testing resistance, potential for further upside!

2019-09-20T04:28:37

Long-term review

GBPUSD is testing our intermediate resistance at 1.25563 where a break above this level could see price rise further to test our first resistance.

Entry: 1.25563

Why it's good : 61.8% fibonacci extension

Stop Loss : 1.24401

Why it's good : 38.2% Fibonacci retracement, horizontal swing low support

Take Profit : 1.27074

Why it's good: 100% Fibonacci extension, horizontal swing high resistance, 50% fibonacci retracement

GBP/USD testing resistance, potential for further upside!

*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 for further upside!