FX.co - GBP/USD approaching support, potential bounce!

21 January 2020 at 9:55AM (UTC+0)

Relevance until22 January 2020 at 9:55AM (UTC+0)

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ GBP/USD approaching support, potential bounce!