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GBPUSD approaching its resistance, potential reversal!

Oleh ICmarkets
Broker
GBPUSD is approaching its resistance at 1.4100 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially react, bringing price down to its support area at 1.3986 (100% Fibonacci extension, 61.8% Fibonacci extension x2, 50% Fibonacci retracement, 76.4% Fibonacci retracement, horizontal overlap support). We have also identified another resistance at 1.4138 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance).

Stochastic (89, 5, 3) is making a corresponding approach to its resistance at 99%.
Bitcoin (Cryptocurrency)Chart PatternsForexforexsignalsGBPGBPUSDgbpusdlonggbpusdshortHarmonic PatternsTrend AnalysisUSD
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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