GBP/USD testing support, potential bounce!

analytics5e003205ee6bd.png

Trading Recommendation

Entry: 1.2957

Reason for Entry:

Horizontal pullback support, 38.2%, 78.6% Fibonacci retracement

Take Profit : 1.3242

Reason for Take Profit: 61.8% fibonacci extension

Stop Loss: 1.2757

Reason for Stop loss:

Horizontal swing low support, 50% Fibonacci retracement

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