Salzworth

Outlook on GBPUSD: Further upside seen

Long
FX:GBPUSD   British Pound / U.S. Dollar
On the H1 time frame, prices are seeing bullish order flow in line with the pullback that we could be seeing on the daily time frame before it continues to the downside. The support level at 1.30684, in line with the 127.2% Fibonacci extension and 78.6% Fibonacci retracement presents an opportunity to buy, with 1.32091 as the resistance target. Stochastic is test support as well where we could see further upside in prices, in line with our bullish bias.
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