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GBPUSD approaching support, potential bounce!

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
easyMarkets Broker  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD GBP USD gbpusdlong gbpusdshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern gbpusd gbp usd gbpusdlong gbpusdshort forex forextrading forexsignals
GBPUSD is approaching our first support at 1.2797 (horizontal overlap support, 50%, 76.4% fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.2973 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in price.
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