FX.co ★ GBP/USD above major support, time to buy

We prepare to buy above 1.2382 support (Fibonacci retracement, horizontal overlap support) for a push up to 1.2554 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) is seeing bullish divergence vs price and has also bounced above our support line.

Buy above 1.2382. Stop loss at 1.2290. Take profit at 1.2554.