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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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GBP/USD facing strong bearish pressure after breaking key support, big upcoming drop!

Entry : 1.2973

Why it's good : horizontal overlap resistance, 23.6% fibonacci retracement, short term descending line

Stop Loss : 1.30349

Why it's good : horizontal swing high resistance, 50% fibonacci retracement

Take Profit : 1.2774

Why it's good : horizontal swing low support, 61.8% fibonacci retracement

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