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20.09.201906:28 Forex Analysis & Reviews: GBP/USD testing resistance, potential for further upside!

Long-term review

Exchange Rates 20.09.2019 analysis

GBPUSD is testing our intermediate resistance at 1.25563 where a break above this level could see price rise further to test our first resistance.

Entry: 1.25563

Why it's good : 61.8% fibonacci extension

Stop Loss : 1.24401

Why it's good : 38.2% Fibonacci retracement, horizontal swing low support

Take Profit : 1.27074

Why it's good: 100% Fibonacci extension, horizontal swing high resistance, 50% fibonacci retracement

Exchange Rates 20.09.2019 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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