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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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GBPUSD approaching support, potential bounce!

Entry: 1.29057

Why is it good: horizontal pullback support, 100% fibonacci extension, 38.2% fibonacci retracement

Stop Loss: 1.28798

Why is it good: 50% fibonacci retracement

Take Profit: 1.29672

Why is it good: 78.6% fibonacci retracement, horizontal swing high resistance

The material has been provided by InstaForex Company - www.instaforex.com