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25.06.201906:01 Forex Analysis & Reviews: GBP/USD approaching resistance, potential drop!

Exchange Rates 25.06.2019 analysis

GBPUSD is approaching resistance where we might see a drop in price.

Entry: 1.2777

Why it's good : Horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement

Stop Loss : 1.2813

Why it's good : Horizontal swing high resistance

Take Profit : 1.2715

Why it's good: 61.8% Fibonacci extension, 23.6% Fibonacci retracement, Horizontal overlap support

Exchange Rates 25.06.2019 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert of InstaForex
© 2007-2021
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