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

2020-05-12T04:12:40

Relevance until2020-05-13

Trading Recommendation

Entry: 1.23080

Reason for Entry: Ascending trend line, 78.6% fibonacci retracement

Take Profit : 1.23985

Reason for Take Profit: Horizontal pullback resistance, 61.8% fibonacci retracement, 100% fibonacci extension

Stop Loss: 1.22811

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 upside