LONG GBPUSD approaching support, potential bounce!

GBPUSD is approaching our first support at 1.3060 (horizontal swing low support, 61.8% fibonacci extension , 78.6% fibonacci retracement ) and a strong bounce might occur below this level pushing price up to our major resistance at 1.3154(horizontal swing high resistance, 61.8% Fibonacci extension , 61.8% 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