FX.co - GBP/USD right below resistance, huge downside potential!

12 December 2019 at 3:01AM (UTC+0)

Long-term review

Trading Recommendation

Entry: 1.321

Reason for Entry: Graphical swing high

Take Profit : 1.3064

Reason for Take Profit: 38.2% Fibonacci retracement

Stop Loss: 1.33340

Reason for Stop loss:

horizontal swing high resistance

*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 right below resistance, huge downside potential!