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

2020-03-05T09:26:48

Relevance until2020-03-06

Trading Recommendation

Entry: 1.2553

Reason for Entry: 61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal pullback support

Take Profit : 1.3282

Reason for Take Profit: Horizontal swing high resistance, 76.4% fibonacci retracement

Stop Loss: 1.2232

Reason for Stop loss: Horizontal swing low support

*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!