FXCM

GBPUSD facing bearish pressure | 23 Mar 2021

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD is facing bearish pressure from 1st resistance which is in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Prices might push towards 1st support which is in line with -27.2% Fibonacci retracement . If prices break through 1st resistance, prices might face resistance from 2nd resistance which is in lien with 100% Fibonacci extension and 127.2% fibonacci retracement . EMA is also above prices, giving a bullish pressure for prices.
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Comments

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+3 Reply
Thanks once again for the great analysis!
+1 Reply
Technical analysis says that you can take GBPUSD at 1.37197 in sell.
Reply
Enlightening. Thank you!
Reply
aww ye!
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Please keep posting analysis, thanks!
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