GBPUSD is testing our Pivot point, potential for a further rise

1 Ara 2020

Price is testing our Pivot point at 1.33980, which is in line with our 61.8%, 78.6% Fibonacci extension and horizontal swing high resistance. We could potentially see price break out of this level, where it could further rise towards our 1st resistance level at 1.34826. It is worth noting that the Ichimoku cloud is showing bullish pressure in line with our analysis.

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