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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!

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

Entry: 1.28978

38.2% Fibonacci retracement, 78.6% Fibonacci extension, horizontal overlap support

Take Profit : 1.29731

Why it's good : 78.6% Fibonacci retracement, horizontal swing high resistance

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