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GBPUSD holds at near term resistance, 50% Fibonacci Retracement

Support 2: 1.4855 Support 1: 1.4913 (38.2% Fibonacci Retracement) Current market Price: 1.4995 Resistance 1: 1.5079 (50% Fibonacci Retracement) Resistance 2: 1.5175 (61.8% Fibonacci Retracement) Commentary: The pair is s…

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Support 2: 1.4855

Support 1: 1.4913 (38.2% Fibonacci Retracement)

Current market Price: 1.4995

Resistance 1: 1.5079 (50% Fibonacci Retracement)

Resistance 2: 1.5175 (61.8% Fibonacci Retracement)

Commentary:

  • The pair is stirring in the range of 1.4959 to 1.5038.

  • Near term resistance falls at 1.5079, 50% Fibonacci Retracement.

  • Daily close above Ichimoku cloud is required to confirm upward momentum.

 

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