GBPUSD, H4 is approaching our Pivot point, potential for a rise
Description:
Price is approaching our Pivot point at 1.36363, in line with 50%, 61.8% Fibonacci retracement, 61.8%, 88% Fibonacci extension and horizontal graphical area. Where we could potentially see a rise towards our 1st resistance level at 1.37460. It is worth noting that price is trending above the Ichimoku cloud, and within a bullish channel, in line with our bullish view.
Pivot: 1.36363
Why we like it:
50%, 61.8% Fibonacci retracement, 61.8%, 88% Fibonacci extension and horizontal graphical area
1st Support: 1.35783
Why we like it:
50%, -61.8%, 78.6% Fibonacci retracement, 88% fibonacci extension and horizontal graphical area.
1st Resistance: 1.37460
Why we like it:
61.8%, 88% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.36363, in line with 50%, 61.8% Fibonacci retracement, 61.8%, 88% Fibonacci extension and horizontal graphical area. Where we could potentially see a rise towards our 1st resistance level at 1.37460. It is worth noting that price is trending above the Ichimoku cloud, and within a bullish channel, in line with our bullish view.
Pivot: 1.36363
Why we like it:
50%, 61.8% Fibonacci retracement, 61.8%, 88% Fibonacci extension and horizontal graphical area
1st Support: 1.35783
Why we like it:
50%, -61.8%, 78.6% Fibonacci retracement, 88% fibonacci extension and horizontal graphical area.
1st Resistance: 1.37460
Why we like it:
61.8%, 88% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
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.
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.