GBPUSD, H4 bouncing from our Pivot point, potential for a long
Price holding above moving average support. A further push up above 23.6% Fibonacci retracement and our pivot at 1.39725 towards 1st resistance at 1.40758 could be possible. Our 1st resistance also falls in line with -27% Fibonacci retracement. Otherwise, a break below our pivot could see price swing the other way towards our 1st support at 1.39433.
Pivot: 1.39725
Why we like it:
23.6% Fibonacci retracement , moving average support
1st Support: 1.39433
Why we like it:
38.2% fibonacci retracement
1st Resistance: 1.40758
Why we like it:
-27.2% fibonacci retracement
Trading FX & CFDs carries high risk.
Pivot: 1.39725
Why we like it:
23.6% Fibonacci retracement , moving average support
1st Support: 1.39433
Why we like it:
38.2% fibonacci retracement
1st Resistance: 1.40758
Why we like it:
-27.2% fibonacci retracement
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.