SHORT GBPUSD is approaching major resistance, potential drop!
GBPUSD is approaching major resistance at 1.3923 (100% Fibonacci extension , 61.8% Fibonacci extension x2, 61.8% Fibonacci retracement , 50% Fibonacci retracement , horizontal overlap resistance) and could potentially fall to its 1st support at 1.3708 (61.8% Fibonacci extension , L T 100% Fibonacci extension , horizontal swing low support) or to its 2nd support at 1.3659 (100% Fibonacci extension , horizontal overlap support). We have also identified a 2nd resistance at 1.3994 (76.4% Fibonacci retracement , 61.8% Fibonacci retracement ) and a descending resistance line.
Stochastic (89, 5, 3) shows it approaching its resistance at 98.6% where a corresponding reaction could occur.
Stochastic (89, 5, 3) shows it approaching its resistance at 98.6% where a corresponding reaction could occur.
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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.