GBPUSD, H4 approaching our Pivot point, potential for rise.
Description:
Price is approaching our Pivot point at 1.38109, in line with 100%, 127% Fibonacci extension and 61.8% fibonacci retracement. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.38762. It is worth noting that price is trending above the Ichimoku cloud, in line with our bullish view.
Pivot: 1.38109
Why we like it:
100%, 127% Fibonacci extension and 61.8% Fibonacci extension.
1st Support: 1.37490
Why we like it:
61.8% Fibonacci retracement, 76.4% fibonacci extension and horizontal graphical area.
1st Resistance: 1.38762
Why we like it:
127% and 161.8% Fibonacci extension
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.38109, in line with 100%, 127% Fibonacci extension and 61.8% fibonacci retracement. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.38762. It is worth noting that price is trending above the Ichimoku cloud, in line with our bullish view.
Pivot: 1.38109
Why we like it:
100%, 127% Fibonacci extension and 61.8% Fibonacci extension.
1st Support: 1.37490
Why we like it:
61.8% Fibonacci retracement, 76.4% fibonacci extension and horizontal graphical area.
1st Resistance: 1.38762
Why we like it:
127% and 161.8% Fibonacci extension
Trading FX & CFDs carries high risk.
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.