GBPUSD, H4 testing our Pivot point, potential for rise.
Description:
Price is testing our Pivot point at 1.40305, in line with -27%, 23.6% Fibonacci retracement and 50% fibonacci extension. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.40916. It is worth noting that price is trending above the moving average, in line with our bullish view.
Pivot: 1.40305
Why we like it:
-27%, 23.6% Fibonacci retracement and 50% fibonacci extension
1st Support: 1.39544
Why we like it:
23.6%, 78.6% Fibonacci retracement and horizontal graphical area.
1st Resistance: 1.40916
Why we like it:
-27%, -68% Fibonacci retracement and 88% fibonacci extension
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 1.40305, in line with -27%, 23.6% Fibonacci retracement and 50% fibonacci extension. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.40916. It is worth noting that price is trending above the moving average, in line with our bullish view.
Pivot: 1.40305
Why we like it:
-27%, 23.6% Fibonacci retracement and 50% fibonacci extension
1st Support: 1.39544
Why we like it:
23.6%, 78.6% Fibonacci retracement and horizontal graphical area.
1st Resistance: 1.40916
Why we like it:
-27%, -68% Fibonacci retracement and 88% fibonacci extension
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.