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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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GBP/USD approaching resistance, potential drop!

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Price is approaching our first resistance level where we might see a corresponding drop.

Entry : 1.2747

Why it's good : Horizontal swing high resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.2872

Why it's good : Horizontal pullback resistance, 38.2% Fibonacci retracement

Take Profit : 1.2578

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The material has been provided by InstaForex Company - www.instaforex.com