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

2019-06-28T04:22:26

Relevance until2019-06-29

GBPUSD is approaching support where we might see a bounce in price.

Entry: 1.2645

Why it's good : Horizontal swing low support, 50% fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.2525

Why it's good : Horizontal swing low support, 100% Fibonacci extension

Take Profit : 1.2779

Why it's good: Horizontal swing overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement

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!