FX.co ★ GBP/USD 11.14.2019 - Triple bottom formation and rejeciton of the Fibonaci 61.8%

GBP created nice triple bottom exactly at the Fibonacci retracement 61.8% support (1.2818) and I do expect further upside continuation on this currency pair.

Due to strong upward trend in the background, I am expecting new up leg and potential re-test of the resistances at $1.2895 and eventual test of 1.2950.Major short-term support level set at 1.2818.

Stochastic oscillator is showing bull cross, which is adding more potential upside into our bullish view. Watch for buying opportunities.