GBPUSD broke out of our descending resistance line and we might be seeing further bullish pressure in price from our first support level an Ichimoku cloud. Stochastic is approaching support as well.
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Harmonic Patterns Chart Patterns Trend Analysis GBPUSD GBP USD gbpusdlong gbpusdshort
GBPUSD is approaching our first support at 1.3000 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level to our first support level at 1.3136 (horizontal swing high resistance, 38.2% Fibonacci...
GBPUSD is approaching our first resistance at 7.02551 where we might see a corresponding drop to our first support level. Stochastic is approaching resistance as well.
