GBP/USD Approaching Support, Prepare For A Bounce

GBP/USD is approaching its support at 1.2660(61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.2820 (61.8% Fibonacci retracement, horizontal swing high resistance).

Stochastic (55, 5, 3) is approaching its support at 4.5% where a corresponding bounce could occur.

GBP/USD is approaching its support where we expect to see a bounce.

Buy above 1.2660. Stop loss at 1.2564. Take profit at 1.2820.

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