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

2020-04-17T03:57:47

Relevance until2020-04-18

Trading Recommendation

Entry: 1.27622

Reason for Entry: horizontal pullback resistance, 61.8% fibonacci extension, 78.6% fibonacci retracement

Take Profit : 1.19800

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

Stop Loss: 1.31922

Reason for Stop loss: Horizontal swing high resistance

*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!