FX.co ★ GBP/USD approaching support, potential bounce!

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

Entry : 1.2930

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

Stop Loss : 1.2861

Why it's good : horizontal swing low support

Take Profit : 1.3053

Why it's good : horizontal overlap resistance, 50% Fibonacci retracement