easyMarkets
Long

GBPUSD approaching support, potential bounce!

FX:GBPUSD   British Pound / U.S. Dollar
Price is approaching our first support (Horizontal pullback support, 38.2%, 23.6% Fibonacci retracement , 61.8% Fibonacci extension ) where we might see a bounce in price to our first resistance level (horizontal swing high resistance, 61.8% Fibonacci retracement ). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
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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