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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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GBP/USD approaching support, potential bounce!

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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

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