#GBPUSD, H4 is approaching our Pivot point, potential for a rise
Description:
Price is approaching our Pivot point at 1.39014, in line with 38.2%, 61.8% fibonacci retracement, moving average support and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.40033, in line with -27%, 61.8% fibonacci retracement and horizontal graphical overlap. Note that price is above the moving average, in line with our bullish analysis.
Pivot: 1.39014
Why we like it:
38.2%, 61.8% fibonacci retracement, moving average support and horizontal graphical overlap
1st Support: 1.38338
Why we like it:
78.6%, 127% fibonacci retracement and horizontal swing low support
1st Resistance: 1.40033
Why we like it:
-27%, 61.8% fibonacci retracement and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.39014, in line with 38.2%, 61.8% fibonacci retracement, moving average support and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.40033, in line with -27%, 61.8% fibonacci retracement and horizontal graphical overlap. Note that price is above the moving average, in line with our bullish analysis.
Pivot: 1.39014
Why we like it:
38.2%, 61.8% fibonacci retracement, moving average support and horizontal graphical overlap
1st Support: 1.38338
Why we like it:
78.6%, 127% fibonacci retracement and horizontal swing low support
1st Resistance: 1.40033
Why we like it:
-27%, 61.8% fibonacci retracement and horizontal graphical overlap
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.