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

2019-07-23T04:53:28

Long-term review

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

Entry: 1.2447

Why it's good : horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement

Stop Loss : 1.2384

Why it's good : Horizontal swing low support

Take Profit : 1.2556

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!