GBPUSD lining up a possible bounce!

FX:GBPUSD   British Pound / U.S. Dollar
Price is consolidating within a triangle and is lining up for a possible bounce. We’re seeing major support above 1.3300 to 1.3311 (50% Fibonacci retracement , 76.4% Fibonacci retracement , horizontal overlap support) and a strong bounce could occur at this level to push price up to at least 1.3457 resistance ( Fibonacci retracement , Fibonacci extension , horizontal swing high resistance). Our next major level of support is at 1.3210 ( Fibonacci retracement , horizontal swing low support).

Stochastic (34,3,1) is seeing ascending support possibly signaling a bounce is impending.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Guys, get more real-time updates on our trading ideas here : https://t.me/tickmillroom

This analysis is provided as general market commentary and does not constitute investment advice.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out