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T3-Consultancy

GBPUSD M30: Bullish outlook seen, further upside above 1.1510

Long
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
T3-Consultancy  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns
1
0
trendanalysis harmonicpatterns chartpattern
On the M30 time frame, a pullback to the support zone at 1.1510, in line with the 78.6% Fibonacci retracement level could see a bounce to the resistance zone at 1.1600. Failure to hold above the support zone at 1.1510 could see prices push lower to test the support zone at 1.1460. Stochastic is approaching support at 4.04 as well where we could see further upside in line with prices.
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