GBPUSD reacted off resistance, further potential drop!

٤ أبريل ٢٠١٨GBPUSD reacted off our resistance at 1.4096 (50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance). A strong reaction might occur at this level, pushing price down to our major support at 1.4013 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension,).

RSI (55) is also facing bearish pressure from its major descending resistance line and a reaction off this level might see a corresponding drop in price.

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٥ أبريل ٢٠١٨

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Dropped nicely to our major support!