GBP/USD approaching resistance, potential drop! | 16 April 2020

GBP/USD is approaching our first resistance in line with our 78.6% fibonacci extension and 61.8% fibonacci retracement where we could see a reversal below this level to our take profit level. Our take profit level is in line with a horizontal overlap support, 23.6% fibonacci retracement and 100% fibonacci extension level.

We will be linking the video analysis below so do check that out!

Entry: 1.27107
Take profit: 1.24240
Stop Loss: 1.28662

Yorum:

here's the video analysis :

19:08