Get started
ICmarkets

GBPUSD Approaching Resistance, Potential For A Reversal

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
ICmarkets Broker  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD GBP USD gbpusdshort EUR jpy CAD aud
61
0
trendanalysis harmonicpatterns chartpattern gbpusd gbp usd gbpusdshort eur jpy cad aud
GBPUSD is approaching its resistance at 1.2925 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it could reverse down to its support at 1.2788 (61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
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.