GBPUSD, H4 is approaching our Pivot point, potential for a rise
Description:
Price is approaching our Pivot point at 1.36363, in line with 50%, 61.8% Fibonacci retracement, 61.8%, 88% Fibonacci extension and horizontal graphical area. Where we could potentially see a rise towards our 1st resistance level at 1.37460. It is worth noting that price is trending above the Ichimoku cloud, and within a bullish channel, in line with our bullish view.
Pivot: 1.36363
Why we like it:
50%, 61.8% Fibonacci retracement, 61.8%, 88% Fibonacci extension and horizontal graphical area
1st Support: 1.35783
Why we like it:
50%, -61.8%, 78.6% Fibonacci retracement, 88% fibonacci extension and horizontal graphical area.
1st Resistance: 1.37460
Why we like it:
61.8%, 88% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.36363, in line with 50%, 61.8% Fibonacci retracement, 61.8%, 88% Fibonacci extension and horizontal graphical area. Where we could potentially see a rise towards our 1st resistance level at 1.37460. It is worth noting that price is trending above the Ichimoku cloud, and within a bullish channel, in line with our bullish view.
Pivot: 1.36363
Why we like it:
50%, 61.8% Fibonacci retracement, 61.8%, 88% Fibonacci extension and horizontal graphical area
1st Support: 1.35783
Why we like it:
50%, -61.8%, 78.6% Fibonacci retracement, 88% fibonacci extension and horizontal graphical area.
1st Resistance: 1.37460
Why we like it:
61.8%, 88% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Penafian
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