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FX.co ★ GBP/USD facing bearish pressure from resistance, potential for further drop!

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Forex Analysis:::2019-09-11T04:53:33

GBP/USD facing bearish pressure from resistance, potential for further drop!

GBP/USD facing bearish pressure from resistance, potential for further drop!

GBPUSD is facing bearish pressure from our first resistance where we could be seeing a further drop below this level.

Entry: 1.2383

Why it's good : horizontal pullback resistance, 50% Fibonacci retracement

Stop Loss : 1.2522

Why it's good : horizontal swing high resistance

Take Profit : 1.2167

Why it's good: Horizontal overlap support, 50% Fibonacci retracement

GBP/USD facing bearish pressure from resistance, potential for further drop!

Analyst InstaForex
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