GBPUSD Approaching Resistance, Potential Reversal!
GBPUSD is approaching its resistance at 1.3118 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is could reverse down to its support at 1.3064 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 74% where a corresponding reversal is expected.
Stochastic (55, 5, 3) is approaching its resistance at 74% where a corresponding reversal is expected.
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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.