GBP/USD profit target reached perfectly, prepare for another bounce

The price has dropped perfectly from our selling area and has reached our profit target. We are now seeing it at major support so the plan is to buy above 1.3112 (Fibonacci extension, horizontal swing low support) for a push up to at least 1.3229 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (21,3,1) is seeing major support above 4.4% where we expect a bounce from.

Buy above 1.3112. Stop loss is at 1.3017. Take profit is at 1.3229.


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