GBP/USD approaching resistance, potential drop! | 16 April 2020
Updated
GBP/USD is approaching our first resistance in line with our 78.6% fibonacci extension and 61.8% fibonacci retracement where we could see a reversal below this level to our take profit level. Our take profit level is in line with a horizontal overlap support, 23.6% fibonacci retracement and 100% fibonacci extension level.
We will be linking the written version below so do check that out!
Entry: 1.27107
Take profit: 1.24240
Stop Loss: 1.28662
We will be linking the written version below so do check that out!
Entry: 1.27107
Take profit: 1.24240
Stop Loss: 1.28662
Note
Here's the video analysis: 
Note
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.