FX.co - GBP/USD right on ascending trendline support! Bounce expected.

2020-05-04T02:56:24

Relevance until2020-05-05

Trading Recommendation

Entry: 1.24435

Reason for Entry: Ascending trendline support, 78.6% Fibonacci retracement

Take Profit : 1.26161

Reason for Take Profit: Horizontal swing high

Stop Loss: 1.23892

Reason for Stop loss: Graphical swing low

*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 right on ascending trendline support! Bounce expected.