Bullish bounce off?GBP/USD has bounced off the support level, which is a pullback support that is slightly above the 38.2% Fibonacci retracement, and could rise from this level to our take profit.
Entry: 1.3194
Why we like it:
There is a pullback support level that is slightly above the 38.2% Fibonacci retracement
Stop loss: 1.3140
Why we like it:
There is a pullback support that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.3320
Why we like it:
There is a pullback resistance that lines up with the 161.8% Fibonacci extension.
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