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GBPUSD Approaching Resistance, Potential Reversal

Oleh ICmarkets
Broker
GBPUSD is approaching its resistance at 1.3004 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it may reverse down to its support at 1.2893 (50% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal may occur.
Chart PatternsForexforexsignalforextradingGBPGBPUSDgbpusdlonggbpusdshortHarmonic 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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