GBPUSD, H4 is bouncing from our Pivot point, potential for rise.
Description:
Price is bouncing from our Pivot point at 1.39387, in line with 23.6%, 61.8%, 38.2% Fibonacci retracement, Ichimoku cloud support, and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.40627, in line with -61.8%, 61.8% and 127% fibonacci retracement. Note that price is trending above the Ichimoku cloud, in line with our bullish analysis.
Pivot: 1.39387
Why we like it:
23.6%, 61.8%, 38.2% Fibonacci retracement, Ichimoku cloud support, and horizontal graphical overlap
1st Support: 1.38550
Why we like it:
78.6% fibonacci retracement, 88% fibonacci extension and graphical swing low support
1st Resistance: 1.40627
Why we like it:
-61.8%, 61.8% and 127% fibonacci retracement
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point at 1.39387, in line with 23.6%, 61.8%, 38.2% Fibonacci retracement, Ichimoku cloud support, and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.40627, in line with -61.8%, 61.8% and 127% fibonacci retracement. Note that price is trending above the Ichimoku cloud, in line with our bullish analysis.
Pivot: 1.39387
Why we like it:
23.6%, 61.8%, 38.2% Fibonacci retracement, Ichimoku cloud support, and horizontal graphical overlap
1st Support: 1.38550
Why we like it:
78.6% fibonacci retracement, 88% fibonacci extension and graphical swing low support
1st Resistance: 1.40627
Why we like it:
-61.8%, 61.8% and 127% fibonacci retracement
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.
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.