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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 near resistance, a drop is possible!

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GBPUSD is near resistance, a drop to 1st support is possible

Entry: 1.2711

Why it's good : 100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 1.2759

Why it's good :horizontal swing high resistance

Take Profit : 1.2635

Why it's good: 38.2% Fibonacci retracement

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The material has been provided by InstaForex Company - www.instaforex.com