GBP/USD approaching support, potential bounce!

Trading Recommendation

Entry: 1.2920

Reason for Entry: 61.8% Fibonacci extension, Horizontal swing low support, 38.2% fibonacci retracement

Take Profit : 1.3267

Reason for Take Profit: 78.6% Fibonacci extension

Stop Loss: 1.2760

Reason for Stop loss:

Horizontal swing low support, 50% fibonacci retracement