GBPUSD reversed off resistance, potential drop!
GBPUSD has reversed off its resistance at 1.3156 (100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 1.3002 (76.4% Fibonacci retracement).
Stochastic (55, 5, 3) has being held down by a descending resistance line where a corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55, 5, 3) has being held down by a descending resistance line where a corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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