ICmarkets

GBPUSD Testing Support, Potential For A Bounce!

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD is approaching its support at 1.3011 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap support) where price could bounce up to its resistance at 1.3100 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is testing its support at 2/9% where a corresponding bounce could occur.

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