FX.co ★ GBP/USD remain bullish above key support

The price has dropped further, and we remain bullish above the support at 1.2382 (Fibonacci projection, horizontal swing low, bullish candlestick reversal) for a bounce up to 1.2555.Stochastic (55,5,3) reflects major support above our 8% level.

Buy above 1.2382. Set stop loss at 1.2290 and take profit at 1.2555.