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ICmarkets
Oct 19, 2018 1:54 AM

GBPUSD Approaching Support, Potential For A Bounce Long

British Pound/U.S. DollarFXCM

Description

GBPUSD is approaching its support at 1.3004 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3085 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 2.2% where a corresponding bounce could occur.
Comments
meliajankes5us
wow... good idea... thanks...
bkloyda
How do you keep doing all this analysis? It is great, love your passion for the markets ICmarkets!
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