UK100GBP approaching support, potential bounce! UK100GBP is approaching our first support at 6921.2 (horizontal swing low support, 78.6% fibonacci retracement, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 7225.1 (horizontal overlap resistance, 38.2%, 50% fibonacci retracement, 100% fibonacci extension).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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