#GBPUSD, H4 has bounced from our Pivot point, potential for a lo
Description:
Price has bounced from our Pivot point at 1.41319, in line with 78.6% fibonacci retracement, 38.2% fibonacci extension and horizontal graphical overlap. Where we could potentially see a further push from our pivot towards our 1st resistance level at 1.42247, in line with 100%, 61.8% fibonacci extension and horizontal swing high resistance. Note that price is trending above the moving average and ascending trendline, in line with our bullish analysis.
Pivot: 1.41319
Why we like it:
78.6% fibonacci retracement, 38.2% fibonacci extension and horizontal graphical overlap
1st Support: 1.40772
Why we like it:
161.8% fibonacci retracement 78.6% fibonacci extension and horizontal graphical swing low
1st Resistance: 1.42247
Why we like it:
100%, 61.8% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot point at 1.41319, in line with 78.6% fibonacci retracement, 38.2% fibonacci extension and horizontal graphical overlap. Where we could potentially see a further push from our pivot towards our 1st resistance level at 1.42247, in line with 100%, 61.8% fibonacci extension and horizontal swing high resistance. Note that price is trending above the moving average and ascending trendline, in line with our bullish analysis.
Pivot: 1.41319
Why we like it:
78.6% fibonacci retracement, 38.2% fibonacci extension and horizontal graphical overlap
1st Support: 1.40772
Why we like it:
161.8% fibonacci retracement 78.6% fibonacci extension and horizontal graphical swing low
1st Resistance: 1.42247
Why we like it:
100%, 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.