Austinet24

GBPUSD BULLISH BOUNCE OFF SUPPORT

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBP/USD Intraday BULLISH

Pivot point: 1.2745

THE GBPUSD was trending neutral closing at the daily pivot of 1.2738. If the trend turns bullish, then the pair may recover to 1.2802 and go on to test the next resistance level of 1.2863. Alternatively, if a bearish trend emerges the pair could fall towards 1.2685 level and head further lower to 1.2627.


Resistance level 1: 1.2802 Resistance level 2: 1.2863 Resistance level 3: 1.2920

Support level 1: 1.2685 Support level 2: 1.2627 Support level 3: 1.2567

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