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GBPUSD approaching major resistance,potential upcoming reversal!

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Tickmill Broker  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD GBP USD gbpusdshort gbpusdlong gbpusdsignal gbpusdtrade gbpusdidea gbpusdanalysis
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trendanalysis harmonicpatterns chartpattern gbpusd gbp usd gbpusdshort gbpusdlong gbpusdsignal gbpusdtrade gbpusdidea gbpusdanalysis
Price is rising slowly towards our major resistance level at 1.3613 (61.8% Fibonacci extension, horizontal swing high resistance) and a strong drop could occur at this level to push price down to at least 1.3466 support (50% Fibonacci retracement, horizontal pullback support).

Stochastic (34,5,3) is seeing major resistance below 98% where a potential corresponding drop could occur.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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