#GBPUSD approaching pivot, potential for a bounce!
Price is approaching pivot level at 1.38341 which is in line with 50% Fibonacci retracement level and 200MA. Price may potentially swing towards our resistance at 1.39089, which coincides with 61.8% Fibonacci retracement level and 100% Fibonacci extension level.
Alternatively, price may drop to our support at 1.38021 which is in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension level.
Pivot:
1.38341
Why we like it:
50% Fibonacci retracement level and 200MA
1st Support:
1.38021
78.6% Fibonacci retracement and 78.6% Fibonacci extension level
1st Resistance:
1.39089
61.8% Fibonacci retracement level and 100% Fibonacci extension level.
Trading FX & CFDs carries high risk.
Alternatively, price may drop to our support at 1.38021 which is in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension level.
Pivot:
1.38341
Why we like it:
50% Fibonacci retracement level and 200MA
1st Support:
1.38021
78.6% Fibonacci retracement and 78.6% Fibonacci extension level
1st Resistance:
1.39089
61.8% Fibonacci retracement level and 100% Fibonacci extension level.
Trading FX & CFDs carries high risk.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.