GBPUSD reversing from our Pivot point, potential for a drop

81
Description:
Price has reversed from our Pivot point at 1.36215, in line with 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension and horizontal graphical area. Where we could potentially see a drop towards our 1st support level at 1.35126. It is worth noting that MACD has crossed under the signal line, in line with our bearish view.

Pivot: 1.36215
Why we like it:
38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension and horizontal graphical area

1st Support: 1.35126
Why we like it:
78.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical area.

1st Resistance: 1.36936
Why we like it:
127% Fibonacci retracement, 88% Fibonacci extension and horizontal swing high resistance.

Trading FX & CFDs carries high risk.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.