GBPUSD approaching resistance, potential reversal!
GBPUSD is approaching our first resistance at 1.2684 (100% Fibonacci extension, 23.6% Fibonacci retracement , horizontal overlap resistance) where a potential reversal might occur below this level pushing price down to our major support at 1.2525 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (21, 5, 3) is approaching our resistance where we might see a potential reversal below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (21, 5, 3) is approaching our resistance where we might see a potential reversal below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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