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British Pound / U.S. Dollar
Long

GBPUSD Bounced Off Support, Potential For A Further Rise

By ICmarkets
Broker
GBPUSD bounced nicely off its support at 1.2705 (100% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.2839 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is bounced off its support at 2.7% where a corresponding rise could occur.
audCADChart PatternschfEURGBPGBPUSDNZDTrend AnalysisUSDWave Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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