GBP/USD remain bearish below major resistance
Price continues to rise and is now approaching a major resistance level at 1.2984 (Fibonacci retracement, Fibonacci extension, horizontal resistance) and we expect to see a strong reaction from this level for a drop towards 1.2886 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance below the 88% level where we […]