ICmarkets

GBPUSD Reversed Off Resistance, Potential For Further Drop

Short
FX:GBPUSD   Sterlina / Dollaro
GBPUSD reversed off its resistance at 1.3164 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 1.3065 (horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.

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