GBPUSD Reversed Off Resistance, Potential Drop!
GBPUSD reversed off its resistance at 1.3324 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is could drop further to its support at 1.3197 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed off near its resistance. A bearish divergence with price has also been identified.
Stochastic (55, 5, 3) reversed off near its resistance. A bearish divergence with price has also been identified.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.