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

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Forex Analysis:::2019-11-25T03:22:14

GBP/USD approaching resistance, potential drop!

Price is approaching our first resistance a 1.28722 where we are expecting a drop to our first support level at 1.27697.

Entry: 1.28722

23.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance

Take Profit : 1.27697

Why it's good : horizontal swing low support

GBP/USD approaching resistance, potential drop!

Analyst InstaForex
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