GBPUSD is facing bearish pressure from pivot, potential reversal
Description:
Price is reversing from our Pivot point at 1.38759, which is in line with 38.2% Fibonacci retracement and graphical overlap resistance area. We could potentially see a further drop to our first support area at 1.37421. Stochastic is showing signs of bearish pressure as well, in line with our bearish bias.
Pivot: 1.38759
Why we like it:
38.2% Fibonacci retracement and graphical overlap resistance area
1st Support: 1.37421
Why we like it:
61.8% Fibonacci retracement,127.2% fibonacci extension and horizontal pullback support.
1st Resistance: 1.39489
Why we like it:
horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is reversing from our Pivot point at 1.38759, which is in line with 38.2% Fibonacci retracement and graphical overlap resistance area. We could potentially see a further drop to our first support area at 1.37421. Stochastic is showing signs of bearish pressure as well, in line with our bearish bias.
Pivot: 1.38759
Why we like it:
38.2% Fibonacci retracement and graphical overlap resistance area
1st Support: 1.37421
Why we like it:
61.8% Fibonacci retracement,127.2% fibonacci extension and horizontal pullback support.
1st Resistance: 1.39489
Why we like it:
horizontal swing high resistance.
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.