#GBPUSD approaching Resistance Area , the potential a Drop!
#GBPUSD Price is trading the Resistance Area and it is also react the 4HR resistance so it is possible to a drop And the price also possible to down and touch the 50EMA shooting star candlesticks will formed in resistance area
Why we like it:
Price Trading in Resistance area
formed shooting star candlestick pattern
Attend the 90% fib level
Retrace the price and expect to touch the 50EMA
1st support:
1.37655
Next Zone area & horizontal swing Low support
2nd support:
1.36960
Zone area & horizontal swing Low support
1st Resistance
1.38649
Zone area & horizontal swing high resistance
Why we like it:
Price Trading in Resistance area
formed shooting star candlestick pattern
Attend the 90% fib level
Retrace the price and expect to touch the 50EMA
1st support:
1.37655
Next Zone area & horizontal swing Low support
2nd support:
1.36960
Zone area & horizontal swing Low support
1st Resistance
1.38649
Zone area & horizontal swing high resistance
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