GBP/USD
Hello everyone,
A good opportunity has been detected on the GBP/USD pair.
After strong upward movement on the GBP/USD, the price
found resistance on a 50.0% Fibonacci retracement level and
on the downward trendline, pulled back and is currently correcting
to the downside.
We are expecting the price to reach approximately the 1.2200
price level, which is also a major psychological support point,
where we have 2 Fibonacci extension levels, as well as a strong
support point.
A good opportunity has been detected on the GBP/USD pair.
After strong upward movement on the GBP/USD, the price
found resistance on a 50.0% Fibonacci retracement level and
on the downward trendline, pulled back and is currently correcting
to the downside.
We are expecting the price to reach approximately the 1.2200
price level, which is also a major psychological support point,
where we have 2 Fibonacci extension levels, as well as a strong
support point.
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.