GBPUSD has bounced from our Pivot point, potential for a rise
Description:
Price has bounced from our Pivot point at 1.36981, in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and Ichimoku cloud support level. Where we could potentially see a rise towards our 1st resistance level at 1.37764. It is worth noting that price is trending above the Ichimoku cloud and ascending trendline, in line with our bullish view.
Pivot: 1.36981
Why we like it:
61.8% Fibonacci retracement, 61.8% Fibonacci extension and Ichimoku cloud support level
1st Support: 1.36394
Why we like it:
88% Fibonacci retracement, 127% fibonacci extension and horizontal graphical area.
1st Resistance: 1.37764
Why we like it:
127%, -27%, 127% Fibonacci retracement and 88% Fibonacci extension
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot point at 1.36981, in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and Ichimoku cloud support level. Where we could potentially see a rise towards our 1st resistance level at 1.37764. It is worth noting that price is trending above the Ichimoku cloud and ascending trendline, in line with our bullish view.
Pivot: 1.36981
Why we like it:
61.8% Fibonacci retracement, 61.8% Fibonacci extension and Ichimoku cloud support level
1st Support: 1.36394
Why we like it:
88% Fibonacci retracement, 127% fibonacci extension and horizontal graphical area.
1st Resistance: 1.37764
Why we like it:
127%, -27%, 127% Fibonacci retracement and 88% Fibonacci extension
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.