GBPUSD, H4 testing our Pivot point, potential for rise.
Description:
Price is testing our Pivot point at 1.39224, in line with -27%, 161.8%, and 78.6% Fibonacci retracement. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.40097. It is worth noting that price is trending above the Ichimoku cloud, and MACD is above the 0-line, in line with our bullish view.
Pivot: 1.39224
Why we like it:
-27%, 161.8%, and 78.6% Fibonacci retracement
1st Support: 1.38610
Why we like it:
38.2% Fibonacci retracement, 38.2% fibonacci extension and horizontal graphical area.
1st Resistance: 1.40097
Why we like it:
127% Fibonacci extension and -61.8% Fibonacci retracement
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 1.39224, in line with -27%, 161.8%, and 78.6% Fibonacci retracement. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.40097. It is worth noting that price is trending above the Ichimoku cloud, and MACD is above the 0-line, in line with our bullish view.
Pivot: 1.39224
Why we like it:
-27%, 161.8%, and 78.6% Fibonacci retracement
1st Support: 1.38610
Why we like it:
38.2% Fibonacci retracement, 38.2% fibonacci extension and horizontal graphical area.
1st Resistance: 1.40097
Why we like it:
127% Fibonacci extension and -61.8% Fibonacci retracement
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.