FX.co - GBP/USD approaching resistance, potential drop!

25 November 2019 at 3:22AM (UTC+0)

Long-term review

Price is approaching our first resistance a 1.28722 where we are expecting a drop to our first support level at 1.27697.

Entry: 1.28722

23.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance

Take Profit : 1.27697

Why it's good : horizontal swing low support

GBP/USD approaching resistance, potential drop!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ GBP/USD approaching resistance, potential drop!