FX.co ★ GBP/USD profit target reached perfectly, prepare to buy

The price has dropped perfectly and reached our profit target from previously. We now turn bullish above 1.2366 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up to the 1.2448 resistance (Fibonacci retracement, horizontal pullback resistance).

The RSI (34) is seeing strong support at 39% where our previous major bounce occurred.

Buy above 1.2366. Stop loss at 1.2302. Take profit at 1.2448.