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

2020-02-14T09:14:07

Relevance until2020-02-15

Trading Recommendation

Entry: 1.30821

Reason for Entry: 100% Fibonacci extension, horizontal swing high resistance, 78.6% fibonacci retracement

Take Profit : 1.29493

Reason for Take Profit: Horizontal overlap support, 61.8% fibonacci retracement

Stop Loss: 1.31472

Reason for Stop loss: 78.6% Fibonacci retracement

*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!