GBPUSD approaching support, potential bounce!
GBPUSD is approaching our first support at 1.3212 (horizontal pullback support, 100% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 1.3350 (swing high resistance).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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