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

2019-07-30T04:16:02

Long-term review

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

Entry: 1.2138

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

Stop Loss : 1.1912

Why it's good : horizontal swing low support

Take Profit : 1.2491

Why it's good: Horizontal pullback resistance, 23.6% Fibonacci retracement, 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!