GBPUSD testing resistance, potential to drop!

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD tested its resistance area at 1.4297 (76.4% Fibonacci retracement , 61.8% Fibonacci extension , horizontal swing high resistance), where it reversed nicely off it. Price could potentially drop further to its support at 1.4123 (61.8% Fibonacci extension , 50% Fibonacci retracement ). We have also identified another resistance at 1.4350 (horizontal swing high resistance.
Stochastic (55, 5, 3) reversed nicely off its resistance at 98%. A bearish divergence with price has also been identified which contributes to our bearish bias.
Get real-time trading updates at our official Telegram group : https://t.me/ICMarketsroom
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out