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GBPUSD Reversed Off Resistance, Potential For Further Drop!

Oleh ICmarkets
Broker
GBPUSD reversed off its resistance at 1.2925 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where could drop further to its support at 1.2804 (50% Fibonacci retracement).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
Chart PatternsForexforexsignalsGBPGBPUSDgbpusdshortHarmonic 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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