GBPUSD Reversed Nicely Off Resistance, Potential For A Drop!

٨ يونيو ٢٠١٨

GBPUSD reversed nicely off its resistance at 1.3646 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance, where price could fall to its support at 1.3219 (horizontal swing low support).
Stochastic (55, 5, 3) has reversed off its resistance at 95% and a bearish divergence with price has been identified which contributes to our bearish bias.