GBPUSD Reversed Off Resistance, Potential Drop
GBPUSD reversed off its resistance at 1.2682 (100% Fibonacci extension , 23.6% Fibonacci retracement , horizontal overlap resistance) where it is could potentially drop further to its support at 1.2561 (61.8% Fibonacci retracement ).
Stochastic (55, 5, 3) reversed off its resistance at 90% where a corresponding drop may occur.
Stochastic (55, 5, 3) reversed off its resistance at 90% where a corresponding drop may occur.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.