GBPUSD approaching support, potential bounce!
GBPUSD is approaching our first support at 1.2643 (ascending channel’s support, 38.2% Fibonacci retracement, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.2740 (horizontal swing high resistance, 100% Fibonacci extension).
RSI (21) is also approaching our 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.
RSI (21) is also approaching our 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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