GBP/USD approaching support, potential bounce!


Price is testing its support where we expect to see a bounce up to its resistance.

Entry :1.2652

Why it's good : 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support

Stop Loss : 1.2558

Why it's good : horizontal swing low support

Take Profit : 1.2764

Why it's good : Horizontal swing high resistance, 61.8% Fibonacci extension


The material has been provided by InstaForex Company -