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

2020-06-04T02:08:25

Relevance until2020-06-05

Trading Recommendation

Entry: 1.24612

Reason for Entry: Horizontal pullback support, 100% fibonacci extension and 38.2% fibonacci retracement

Take Profit: 1.26348

Reason for Take Profit: Horizontal swing high resistance

Stop Loss: 1.23622

Reason for Take Profit: Horizontal pullback support, 61.8% fibonacci retracement

*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