GBPUSD Bounced Off Its Support, Potential Rise!
GBPUSD bounced off its support at 1.2974 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 1.3127 (50% & 38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) bounced off close to its support at 3.6% where a corresponding rise could occur.
Stochastic (89, 5, 3) bounced off close to its support at 3.6% where a corresponding rise could occur.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.