GBPUSD Reversed Nicely Off Resistance, Potential For A Drop!
GBPUSD reversed nicely off its resistance at 1.3646 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance, where price could fall to its support at 1.3219 (horizontal swing low support).
Stochastic (55, 5, 3) has reversed off its resistance at 95% and a bearish divergence with price has been identified which contributes to our bearish bias.
Stochastic (55, 5, 3) has reversed off its resistance at 95% and a bearish divergence with price has been identified which contributes to our bearish bias.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.