GBP/USD approaching support, potential bounce!

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GBPUSD is approaching our first support where we are expecting a bounce above this level.

Entry: 1.2138

Why it's good : Horizontal swing low support, 61.8% Fibonacci extension

Stop Loss : 1.1912

Why it's good : horizontal swing low support

Take Profit : 1.2491

Why it's good: Horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension

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