GBPUSD, H4 has reached our Pivot point, potential for a rise.
Description:
Price has reached our Pivot point at 1.36200, in line with 50% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical area. Where we could potentially see a rise towards our 1st resistance level at 1.36931. It is worth noting that price is trending above the Ichimoku cloud, in line with our bullish view.
Pivot: 1.36200
Why we like it:
50% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical area.
1st Support: 1.35814
Why we like it:
50%, 61.8% Fibonacci retracement and horizontal graphical area.
1st Resistance: 1.36931
Why we like it:
88% Fibonacci retracement, 88% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price has reached our Pivot point at 1.36200, in line with 50% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical area. Where we could potentially see a rise towards our 1st resistance level at 1.36931. It is worth noting that price is trending above the Ichimoku cloud, in line with our bullish view.
Pivot: 1.36200
Why we like it:
50% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical area.
1st Support: 1.35814
Why we like it:
50%, 61.8% Fibonacci retracement and horizontal graphical area.
1st Resistance: 1.36931
Why we like it:
88% Fibonacci retracement, 88% Fibonacci extension and horizontal swing high 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.