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British Pound / U.S. Dollar
Long

GBPUSD near key support, could possibly bounce

By Tickmill
Broker

Price is approaching our first support (100% Fibonacci extension, Horizontal swing low support) where a strong bounce might occur pushing the price up to our major resistance (Horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Stochastics also showing support. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsGBPGBPUSDHarmonic PatternsTrend AnalysisUSD
Tickmill
Broker
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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