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Aug 31, 2018 2:29 AM

GBPUSD Approaching Resistance, Potential For A Reversal Short

British Pound/U.S. DollarFXCM

Description

GBPUSD is approaching its resistance at 1.3075 (100% & 61.8% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 1.2934 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
Comments
brecier
I can see a divergence
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