FX.co - GBP/USD bounced nicely from its support, potential rise!

2019-07-04T04:07:06

Relevance until2019-07-05

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

GBP/USD bounced nicely from its support, potential rise!

*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 bounced nicely from its support, potential rise!