GBPUSD is approaching our first support at 1.2983 (38.2% Fibonacci retracement, Horizontal pullback support, 61.8% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance 1.3047 (61.8% Fibonacci retracement, 50% Fibonacci retracement).
Stochastic (21, 5, 3) is approaching its support where a corresponding bounce could occur.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Stochastic (21, 5, 3) is approaching its support where a corresponding bounce could occur.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks