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01.07.202005:28 Forex Analysis & Reviews: GBP/USD facing bearish pressure from descending trend line

Exchange Rates 01.07.2020 analysis

Trading Recommendation

Entry: 1.24425

Reason for Entry: Horizontal overlap resistance, 78.6% fibonacci extension and 61.8% fibonacci retracement

Take Profit: 1.22637

Reason for Take Profit: Horizontal overlap support, 76.4% fibonacci retracement, 61.8% fibonacci extension

Stop Loss: 1.25461

Reason for Take Profit: Horizontal swing high resistance, 50% fibonacci retracement

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Dean Leo,
Analitickog eksperta
InstaForex grupa kompanija © 2007-2021
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GBPUSD reversing from 1st resistance, drop coming!
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