#GBPUSD is approaching pivot, potential for bounce!
400
Price is approaching pivot level at 1.36685 which, in-line with 23.6% Fibonacci retracement level, 61.8% Fibonacci extension and horizontal overlap resistance. Price may potentially drop to support at 1.36020 which is in-line with 100% Fibonacci retracement , 100% Fibonacci extension and swing low support. Stochastic is also approaching horizontal support where previous bounces occurred. Alternatively, price may swing towards resistance at 1.37605, in-line with 23.6% Fibonacci retracement, 61.8% Fibonacci extension and trendline resistance.
Pivot: 1.36685
Why we like it: 23.6% Fibonacci retracement level, 61.8% Fibonacci extension and horizontal overlap resistance
1st Support: 1.36020 100% Fibonacci retracement , 100% Fibonacci extension and swing low support
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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.