GBPUSD, H4 is reversing from our Pivot point, potential for a dr
Description:
Price is reversing from our Pivot point at 1.34242, which is in line with our 61.8%, 78.6% Fibonacci retracement and horizontal graphical overlap area. We could potentially see price drop from this level, towards our 1st support level at 1.33077 in line with 127% fibonacci extension and 61.8% fibonacci retracement. It is worth noting that price is currently trending below a descending trendline and is currently under the EMA (55) in line with our bearish analysis.
Pivot: 1.34242
Why we like it:
61.8%, 78.6% Fibonacci retracement and horizontal graphical overlap area
1st Support: 1.33077
Why we like it:
127% fibonacci extension and 61.8% fibonacci retracement.
1st Resistance: 1.34962
Why we like it:
61.8% fibonacci extension and 88% fibonacci retracement
Trading FX & CFDs carries high risk.
Price is reversing from our Pivot point at 1.34242, which is in line with our 61.8%, 78.6% Fibonacci retracement and horizontal graphical overlap area. We could potentially see price drop from this level, towards our 1st support level at 1.33077 in line with 127% fibonacci extension and 61.8% fibonacci retracement. It is worth noting that price is currently trending below a descending trendline and is currently under the EMA (55) in line with our bearish analysis.
Pivot: 1.34242
Why we like it:
61.8%, 78.6% Fibonacci retracement and horizontal graphical overlap area
1st Support: 1.33077
Why we like it:
127% fibonacci extension and 61.8% fibonacci retracement.
1st Resistance: 1.34962
Why we like it:
61.8% fibonacci extension and 88% fibonacci retracement
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.