Get started
ICmarkets

GBPUSD Approaching Resistance, Potential Reversal!

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
ICmarkets Broker  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns
103
0
trendanalysis harmonicpatterns chartpattern

GBPUSD is approaching its resistance at 1.2922 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 1.2859 (100% Fibonacci extension).
Ichimoku cloud shows downward pressure.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.