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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 to test resistance, a drop is possible!

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GBPUSD to test key resistance, a drop to 1st support is possible

Entry: 1.2764

Why it's good : 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 1.2871

Why it's good :50% Fibonacci retracement,100% Fibonacci extension, horizontal pullback resistance

Take Profit : 1.2652

Why it's good: 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support

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