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

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Forex Analysis:::2019-08-29T08:34:36

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: 1.2288

Why it's good : 23.6% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance

Stop Loss : 1.23362

Why it's good : 23.6% Fibonacci retracement

Take Profit : 1.21862

Why it's good: Horizontal pullback support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement

GBP/USD approaching resistance, potential drop!

Analyst InstaForex
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