GBPUSD - Analysis
Reexamination & Unsuccessful Attempt at the Daily Resistance Point 1.2620.
Monitoring the price thresholds on both the daily and 15-minute charts of GBPUSD.
The price has surged back towards the significant daily resistance mark at 1.2620.
1.2620-31 signifies the daily resistance threshold coupled with the 79% Fibonacci retracement level.
We are keeping a vigilant eye on the possibility of the price surging and then encountering failure around this intraday resistance zone, which could lead to a subsequent downtrend, with a target set at the daily support level of 1.2544.
Monitoring the price thresholds on both the daily and 15-minute charts of GBPUSD.
The price has surged back towards the significant daily resistance mark at 1.2620.
1.2620-31 signifies the daily resistance threshold coupled with the 79% Fibonacci retracement level.
We are keeping a vigilant eye on the possibility of the price surging and then encountering failure around this intraday resistance zone, which could lead to a subsequent downtrend, with a target set at the daily support level of 1.2544.
Related publications
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.