empty
 
 
06.07.2023 06:06 AM
GBPUSD ,H4 | Falling to Support level?

This image is no longer relevant

GBP/USD chart has bearish momentum, despite being above a major ascending trend line that suggests potential bullish momentum. Possible bearish continuation towards 1st support at 1.2673, with overlap support and 50% Fibonacci Retracement. 2nd support at 1.2599 also acts as overlap support and aligns with 50% Fibonacci Retracement. On the upside, 1st resistance at 1.2721 is a multi-swing high resistance with Fibonacci confluence. 2nd resistance at 1.2771 is a swing high resistance with 78.60% Fibonacci Retracement.

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback