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FX.co ★ GBP/USD approaching resistance, potential drop!

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Forex Analysis:::2019-08-20T04:26:29

GBP/USD approaching resistance, potential drop!

GBP/USD approaching resistance, potential drop!

GBPUSD is approaching our first resistance where we might be seeing a drop below this level.

Entry: 1.2152

Why it's good : Horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.2358

Why it's good : Horizontal pullback resistance, 38.2% Fibonacci retracement

Take Profit : 1.1904

Why it's good: Horizontal swing low support

GBP/USD approaching resistance, potential drop!

Analyst InstaForex
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