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

2020-03-27T04:06:10

Relevance until2020-03-28

Trading Recommendation

Entry: 1.23787

Reason for Entry: 50% Fibonacci retracement, breakout level

Take Profit : 1.14386

Reason for Take Profit: 63.857 horizontal swing low support

Stop Loss: 1.27204

Reason for Stop loss: Horizontal pullback resistance, 61.8% fibonacci retracement, 78.6% Fibonacci extension

*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!