Hello everyone,
A good opportunity has been detected on the GBP/USD pair.
After strong upward movement on the GBP/USD, the price
is expected to find resistance on an 88.6% Fibonacci retracement
level, on a 161.8% Fibonacci extension level and on the return line
of the upward channel.
We are expecting the price to pull back and reach approximately the
1.2500 price level, which is also a major psychological support point,
where we have the trendline of the upward channel.
A good opportunity has been detected on the GBP/USD pair.
After strong upward movement on the GBP/USD, the price
is expected to find resistance on an 88.6% Fibonacci retracement
level, on a 161.8% Fibonacci extension level and on the return line
of the upward channel.
We are expecting the price to pull back and reach approximately the
1.2500 price level, which is also a major psychological support point,
where we have the trendline of the upward channel.