GBPUSD is facing bullish pressure | 06 Apr 2021

GBPUSD is facing bullish pressure | 06 Apr 2021 for FX:GBPUSD by FXCM

GBPUSD is facing bullish pressure | 06 Apr 2021



Prices are facing bullish pressure from ascending trendline support which is in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension . Prices might push up towards horizontal swing high resistance which is in line with 78.6% Fibonacci extension . If prices fall through pivot , prices might take support one 1st support which is a horizontal swing low support, in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . Ichimoku cloud is below prices, showing a bullish pressure for prices.

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