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

The price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy on major support at 1.3006 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a bounce up to at least 1.3109 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (34,5,3) is testing major support at 7.5% and we expect a bounce soon.

Buy above 1.3006. Stop loss is at 1.2954. Take profit is at 1.3109.