Klimex

GBPUSD Approaching Support, Prepare For A Further Rise

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD approached its support at 1.3103(61.8% Fibonacci retracement , horizontal overlap support, 61.8% Fibonacci extension ) where it could potentially bounce to its resistance at 1.3196 (38.2% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is bounced off its support where a corresponding rise could occur.

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