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

2019-06-11T02:09:13

Relevance until2019-06-12

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

GBP/USD approaching support, potential bounce!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

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