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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 bounced nicely from its support, potential rise!

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GBPUSD bounced nicely from its support where we expect a further rise to its resistance.

Entry: 1.2564

Why it's good : Horizontal overlap support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : -

Why it's good :-

Take Profit : 1.2641

Why it's good: horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension

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