FX.co - GBP/USD facing bearish pressure from resistance, potential for further drop!

2020-02-10T08:17:21

Relevance until2020-02-11

Trading Recommendation

Entry: 1.29485

Reason for Entry: 23.6% fibonacci retracement, breakout level

Take Profit : 1.28177

Reason for Take Profit: Horizontal swing low support,78.6% fibonacci extension

Stop Loss: 1.30188

Reason for Stop loss: 38.2% fibonacci retracement

*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 facing bearish pressure from resistance, potential for further drop!