GBPUSD Approaching Resistance, Potential For A Reversal
GBPUSD is approaching its resistance at 1.2925 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it could reverse down to its support at 1.2788 (61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
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