GBPUSD is approaching our first resistance at 1.3118 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our first support level at 1.3039 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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