GBPUSD facing bullish pressure | 26 Mar 2021
Prices are facing bullish pressure from pivot, in line with 38.2% Fibonacci retracement level. Prices might push up further towards 1st resistance which is in line with horizontal swing high resistance as well as 61.8% Fibonacci retracement. If prices push down further, prices might take support from 1st support which is in line with 78.6% Fibonacci retracement and 50% Fibonacci extension EMA is also below prices, suggesting a chance for a bounce.
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