GBPUSD Approaching Resistance, Prepare For A Reversal
GBPUSD is approaching its resistance at 1.3325(61.8% Fibonacci extension, horizontal swing high resistance, 50% Fibonacci retracement) where it is expected to reverse down to its support at 1.3105(61.8% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.