GBPUSD facing bullish pressure, potential for upside
Prices are taking support from 1st support level which coincides with graphical swing low support as well as 61.8% Fibonacci retracement and Fibonacci extension. Prices might swing higher towards 1st resistance level which is the graphical swing high resistance which coincides with 50% Fibonacci retracement as well as61.8% Fibonacci extension. If prices fall below first support, prices will probably lower down to our 2nd support which coincides with 100% Fibonacci extension. Stochastics is also in line with our bearish bias.
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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.