GBPUSD, H4 is under our Pivot point, potential for drop.
Description:
Price is under our Pivot point at 1.39402, in line with 23.6% fibonacci retracement and horizontal graphical resistance. Where we could potentially see a drop from our pivot towards our 1st support level at 1.38280, in line with 61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
Pivot: 1.39402
Why we like it:
23.6% fibonacci retracement and horizontal graphical resistance
1st Support: 1.38280
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.40091
Why we like it:
61.8% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is under our Pivot point at 1.39402, in line with 23.6% fibonacci retracement and horizontal graphical resistance. Where we could potentially see a drop from our pivot towards our 1st support level at 1.38280, in line with 61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
Pivot: 1.39402
Why we like it:
23.6% fibonacci retracement and horizontal graphical resistance
1st Support: 1.38280
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.40091
Why we like it:
61.8% 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.