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FX.co ★ GBPUSD testing key resistance! Short term drop incoming!

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Forex Analysis:::2021-07-30T03:26:14

GBPUSD testing key resistance! Short term drop incoming!

GBPUSD has been on an uptrend and has reached a key graphical swing high and 100% Fibonacci extension level at our 1st resistance at 1.39821. A short term drop towards ascending trendline support and 1st support at 1.39018 could be possible. Stochastic is also testing resistance where price dropped in the past.

 GBPUSD testing key resistance! Short term drop incoming!

Analyst InstaForex
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