GBPUSD is bouncing from our Pivot point, potential for a rise!
Price is bouncing from our Pivot point at 1.33133, which is in line with our 61.8% Fibonacci retracement , 61.8% Fibonacci extension and horizontal graphical overlap. We could potentially see the price rally towards our 1st resistance level at 1.33980. It’s worth noting that price is currently trending in an ascending channel and the Ichimoku cloud is showing bullish pressure. Trading FX & CFDs carries high risk.
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