FX.co - GBPUSD facing bearish pressure, potential for further drop!

2020-06-23T07:08:49

Relevance until2020-06-24

Trading Recommendation

Entry: 1.25111

Reason for Entry: Horizontal overlap resistance, 50% fibonacci retracement and 78.6% fibonacci extension

Take Profit: 1.23546

Reason for Take Profit: 100% fibonacci extension, horizontal overlap support, 61.8% fibonacci retracement

Stop Loss: 1.25844

Reason for Take Profit: Horizontal swing high resistance, 61.8% fibonacci retracement, 100% 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 ★ GBPUSD facing bearish pressure, potential for further drop!