GBPUSD, H4 has reached our Pivot point, potential for a rise.
Description:
Price has reached our Pivot point at 1.36900, in line with 23.8%, 50% Fibonacci retracement and horizontal graphical area. Where we could potentially see a rise towards our 1st resistance level at 1.37826. It is worth noting that price is trending above the Ichimoku cloud, in line with our bullish view.
Pivot: 1.36900
Why we like it:
23.8%, 50% Fibonacci retracement and horizontal graphical area.
1st Support: 1.36395
Why we like it:
88%, 61.8% Fibonacci retracement and horizontal graphical area.
1st Resistance: 1.37826
Why we like it:
-27%, 161.8% Fibonacci retracement and 78.6% Fibonacci extension
Trading FX & CFDs carries high risk.
Price has reached our Pivot point at 1.36900, in line with 23.8%, 50% Fibonacci retracement and horizontal graphical area. Where we could potentially see a rise towards our 1st resistance level at 1.37826. It is worth noting that price is trending above the Ichimoku cloud, in line with our bullish view.
Pivot: 1.36900
Why we like it:
23.8%, 50% Fibonacci retracement and horizontal graphical area.
1st Support: 1.36395
Why we like it:
88%, 61.8% Fibonacci retracement and horizontal graphical area.
1st Resistance: 1.37826
Why we like it:
-27%, 161.8% Fibonacci retracement and 78.6% 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.