Type: Bearish DropKey Levels:Resistance: 1.35485Pivot: 1.35485Support: 1.34607Preferred Case:Prices are at a graphical overlap. We see the potential for a dip from our Pivot at 1.35328 in line with 38.2% Fibonacci retracement towards our Take Profit at 1.34607 in line with 61.8% Fibonacci retracement. RSI is at levels where dips previously occurred.Alternative Scenario:Alternatively, prices may climb to our 1st resistance at 1.35485 in line with 61.8% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpusd-h4-or-potential-for-bearish-dip"
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