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GBPUSD approaching support, potential bounce!

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Tickmill Broker  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD GBP USD gbpusdlong gbpusdshort
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trendanalysis harmonicpatterns chartpattern gbpusd gbp usd gbpusdlong gbpusdshort
GBPUSD is approaching our first support at 1.3000 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level to our first support level at 1.3136 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic is also approaching support where we might see a corresponding bounce in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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