#GBPUSD is at pivot, potential for bounce
Price is approaching pivot level at 1.37660 which is in line with 78.6% Fibonacci retracement level, 78.6% Fibonacci extension and ascending trendline support. Price could potentially bounce to resistance at 1.39110, in-line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension level. RSI is also at support where previous bounces occurred.
Alternatively, price may drop to support at 1.37030, in-line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension level.
Pivot:
1.37660
Why we like it:
78.6% Fibonacci retracement level, 78.6% Fibonacci extension and ascending trendline support
1st Support:
1.37030
61.8% Fibonacci retracement and 127.2% Fibonacci extension level
1st Resistance:
1.39110
78.6% Fibonacci retracement and 78.6% Fibonacci extension level
Trading FX & CFDs carries high risk.
Alternatively, price may drop to support at 1.37030, in-line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension level.
Pivot:
1.37660
Why we like it:
78.6% Fibonacci retracement level, 78.6% Fibonacci extension and ascending trendline support
1st Support:
1.37030
61.8% Fibonacci retracement and 127.2% Fibonacci extension level
1st Resistance:
1.39110
78.6% Fibonacci retracement and 78.6% Fibonacci extension level
Trading FX & CFDs carries high risk.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.