GBPUSD Testing Resistance, Potential For Reversal
GBPUSD is testing its resistance at 1.3033 (100% & 61.8% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 1.2924 (50% Fibonacci retracement, horizontal swing low support) could occur.
Stochastic (89, 5, 3) has reversed off near its resistance at 98% where a corresponding drop could occur.
Stochastic (89, 5, 3) has reversed off near its resistance at 98% where a corresponding drop could occur.
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