GBPUSD H4 consolidating for potential further upside

GBPUSD H4 consolidating for potential further upside for FOREXCOM:GBPUSD by FXCM

GBPUSD H4 consolidating for potential further upside

British Pound / U.S. Dollar FOREXCOM:GBPUSD



Price is consolidating above 20EMA where we may potentially see further upside towards Take Profit at 1.37701, in line with 61.8% Fibonacci Retracement and 200% Fibonacci Extension . MACD is also indicating bullish momentum for further upside. If the price reverses from the pivot , we would see it swing towards Stop Loss at 1.36319, In-Line With 61.8% and 76.4% Fibonacci Retracement .

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