25.06.202004:28 Forex Analysis & Reviews: GBP/USD facing bearish pressure, potential for further drop

Exchange Rates 25.06.2020 analysis

Trading Recommendation

Entry: 1.23546

Reason for Entry: Our horizontal overlap support, 100% fibonacci extension and 61.8% fibonacci retracement

Take Profit: 1.22330

Reason for Take Profit: Horizontal swing low support, 78.6% fibonacci retracement

Stop Loss: 1.24628

Reason for Take Profit: Horizontal pullback resistance, 38.2% fibonacci retracement

*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 © 2007-2021
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