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

2020-03-04T09:01:32

Relevance until2020-03-05

Trading Recommendation

Entry: 1.28721

Reason for Entry: 50% fibonacci retracement, horizontal pullback resistance,breakout level

Take Profit : 1.27292

Reason for Take Profit: Horizontal swing low support

Stop Loss: 1.29654

Reason for Stop loss: Horizontal swing high resistance, 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!