GBP/USD approaching resistance, potential drop! | 16 April 2020

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GBP/USD is approaching our first resistance in line with our 78.6% fibonacci extension and 61.8% fibonacci retracement where we could see a reversal below this level to our take profit level. Our take profit level is in line with a horizontal overlap support, 23.6% fibonacci retracement and 100% fibonacci extension level.

We will be linking the written version below so do check that out!

Entry: 1.27107
Take profit: 1.24240
Stop Loss: 1.28662

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Here's the video analysis:

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ملاحظة