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Gpd

GBPUSD Testing Its Support, Prepare For A Bounce!Buy above 1.3191. Stop loss at 1.3149. Take profit at 1.3301. Reason for the trading strategy (technically): GBPUSD is testing its support at 1.3191 (61.8% Fibonacci extension x2, 61.8% & 50% Fibonacci retracement, horizontal overlap support) where price is expected to bounce to its resistance at 1.3301 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3.3% where a corresponding bounce is expected.
Long
by theforexarmy