GBPUSD bounced off support, potential for further rise!
Price bounced off our first support (horizontal overlap support, 38.2%, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our first resistance at 1.3175 (horizontal swing high resistance) might occur.
Stochastic is approaching support where we might see a corresponding bounce as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic is approaching support where we might see a corresponding bounce as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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