FX.co - GBP/USD bounced off support, potential for further bounce!

2020-03-11T09:01:53

Relevance until2020-03-12

Trading Recommendation

Entry: 1.28385

Reason for Entry: Horizontal pullback support, 78.6% fibonacci retracement, 1.272% fibonacci extension

Take Profit : 1.30181

Reason for Take Profit: Horizontal pullback resistance, 50% fibonacci retracement

Stop Loss: 1.27692

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 bounced off support, potential for further bounce!