Price is bouncing from our Pivot point at 0.77166, in line with 61.8%, 100% fibonacci extension and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.77540, in line with 61.8% fibonacci retracement and 61.8%, 161.8% fibonacci extension and horizontal graphical overlap. Do note that stochastics is showing bullish pressure where price has previously bounced off the 27% level. Pivot: 0.77166
Why we like it:
61.8%, 100% fibonacci extension and horizontal graphical overlap 1st Support: 0.76981
Why we like it:
127% fibonacci extension and horizontal graphical swing low. 1st Resistance: 0.77540
Why we like it:
61.8% fibonacci retracement and 61.8%, 161.8% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.



more…

READ  Forecast | GU | 29 April - Potential Short-Term Buy ~ 1.4000 for OANDA:GBPUSD by MAKurniawan