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GBPUSD approaching support, potential bounce!

Brittiska pund/Amerikanska dollar (FX:GBPUSD)  
Tickmill Mäklare  
FX:GBPUSD   Brittiska pund/Amerikanska dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD GBP USD gbpusdlong gbpusdshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern gbpusd gbp usd gbpusdlong gbpusdshort forex forextrading forexsignals
GBPUSD is approaching our first support at 1.3024 (horizontal swing low support, 61.8%, 100% fibonacci extension, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.3134 (Horizontal overlap resistance, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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