25.03.202006:10 Forex Analysis & Reviews: GBP/USD approaching resistance, potential drop!

Exchange Rates 25.03.2020 analysis

Trading Recommendation

Entry: 1.18908

Reason for Entry: Horizontal swing high resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension

Take Profit : 1.14128

Reason for Take Profit: Horizontal swing low support

Stop Loss: 1.21258

Reason for Stop loss: Horizontal swing high resistance, 38.2% Fibonacci retracement, 10% fibonacci extension

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

Dean Leo,
Analytical expert
InstaForex Group © 2007-2020
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