FX.co - GBP/USD facing bearish pressure

2020-07-08T07:29:01

Relevance until2020-07-09

Trading Recommendation

Entry: 1.26113

Reason for Entry: 61.8% fibonacci extension and 61.8% fibonacci retracement

Take Profit: 1.24548

Reason for Take Profit: Horizontal swing low support

Stop Loss: 1.26708

Reason for Take Profit: Horizontal swing high resistance, 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 facing bearish pressure