GBPUSD, H4 has reached our Pivot point, potential for a rise.
Description:
Price has reached our Pivot point at 1.36900, in line with 23.8%, 50% Fibonacci retracement and horizontal graphical area. Where we could potentially see a rise towards our 1st resistance level at 1.37826. It is worth noting that price is trending above the Ichimoku cloud, in line with our bullish view.
Pivot: 1.36900
Why we like it:
23.8%, 50% Fibonacci retracement and horizontal graphical area.
1st Support: 1.36395
Why we like it:
88%, 61.8% Fibonacci retracement and horizontal graphical area.
1st Resistance: 1.37826
Why we like it:
-27%, 161.8% Fibonacci retracement and 78.6% Fibonacci extension
Trading FX & CFDs carries high risk.
Price has reached our Pivot point at 1.36900, in line with 23.8%, 50% Fibonacci retracement and horizontal graphical area. Where we could potentially see a rise towards our 1st resistance level at 1.37826. It is worth noting that price is trending above the Ichimoku cloud, in line with our bullish view.
Pivot: 1.36900
Why we like it:
23.8%, 50% Fibonacci retracement and horizontal graphical area.
1st Support: 1.36395
Why we like it:
88%, 61.8% Fibonacci retracement and horizontal graphical area.
1st Resistance: 1.37826
Why we like it:
-27%, 161.8% Fibonacci retracement and 78.6% Fibonacci extension
Trading FX & CFDs carries high risk.
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