GBPUSD approaching Support, Prepare For A Bounce

GBPUSD is approaching its support at 1.3218 (61.8% Fibonacci extension, 23.6% &50 % Fibonacci retracement, horizontal pullback support, bearish divergence) where price is expected to bounce up to its resistance at 1.33544 (horizontal swing high resistance).

Stochastic (55, 5, 3) is testing its support where a corresponding bounce is expected.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.