GBPUSD facing bullish pressure, potential for upside

GBPUSD facing bullish pressure, potential for upside for FX:GBPUSD by FXCM

GBPUSD facing bullish pressure, potential for upside



Prices are taking support from 1st support level which coincides with graphical swing low support as well as 61.8% Fibonacci retracement and Fibonacci extension . Prices might swing higher towards 1st resistance level which is the graphical swing high resistance which coincides with 50% Fibonacci retracement as well as61.8% Fibonacci extension . If prices fall below first support, prices will probably lower down to our 2nd support which coincides with 100% Fibonacci extension . Stochastics is also in line with our bearish bias.

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