Klimex

GBPUSD Approaching Support, Potential Bounce

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD is approaching its support at 1.2649 (100% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.2934 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.2%, where a corresponding bounce could occur.
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