#GBPUSD, H4 is bouncing from our Pivot point, potential for a lo
Description:
Price is bouncing from our Pivot point at 1.41727, in line with 23.8%, 61.8% fibonacci retracement and horizontal graphical overlap. Where we could potentially see a further push from our pivot towards our 1st resistance level at 1.42784, in line with -27% fibonacci retracement and 78.6% fibonacci extension. Note that price is trending above the Ichimoku cloud and MACD is above the 0-line, in line with our bullish analysis.
Pivot: 1.41727
Why we like it:
23.8%, 61.8% fibonacci retracement and horizontal graphical overlap
1st Support: 1.41199
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.42784
Why we like it:
-27% fibonacci retracement and 78.6% fibonacci extension
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point at 1.41727, in line with 23.8%, 61.8% fibonacci retracement and horizontal graphical overlap. Where we could potentially see a further push from our pivot towards our 1st resistance level at 1.42784, in line with -27% fibonacci retracement and 78.6% fibonacci extension. Note that price is trending above the Ichimoku cloud and MACD is above the 0-line, in line with our bullish analysis.
Pivot: 1.41727
Why we like it:
23.8%, 61.8% fibonacci retracement and horizontal graphical overlap
1st Support: 1.41199
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.42784
Why we like it:
-27% fibonacci retracement and 78.6% fibonacci extension
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.