Get started
ICmarkets

GBPUSD Bounced Off Its Support, Potential Rise!

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
ICmarkets Broker  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD GBP USD gbpusdlong Forex forexsignals
15
2
trendanalysis harmonicpatterns chartpattern gbpusd gbp usd gbpusdlong forex forexsignals
GBPUSD bounced off its support at 1.2974 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 1.3127 (50% & 38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) bounced off close to its support at 3.6% where a corresponding rise could occur.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.