GBPUSD testing our Pivot point, potential for bullish breakout
Description:
Price is testing our Pivot point at 1.37668, in line with 38.2% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.38708, in line with 78.6% fibonacci retracement, 161.8% fibonacci extension and descending trendline resistance.
Pivot: 1.37668
Why we like it:
38.2% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 1.36726
Why we like it:
61.8% fibonacci extension and horizontal swing low support
1st Resistance: 1.38708
Why we like it:
78.6% fibonacci retracement, 161.8% fibonacci extension and descending trendline resistance
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 1.37668, in line with 38.2% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.38708, in line with 78.6% fibonacci retracement, 161.8% fibonacci extension and descending trendline resistance.
Pivot: 1.37668
Why we like it:
38.2% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 1.36726
Why we like it:
61.8% fibonacci extension and horizontal swing low support
1st Resistance: 1.38708
Why we like it:
78.6% fibonacci retracement, 161.8% fibonacci extension and descending trendline resistance
Trading FX & CFDs carries high risk.
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.
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.