GBPUSD Testing Resistance, Potential Reversal
GBPUSD is testing its resistance at 1.3240 (61.8% & 100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.3138 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
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