FX.co ★ GBPUSD is facing bullish pressure, potential for further rise!

Price is facing bullish pressure from our first support level, in line with our horizontal pullback support, 127.2% fibonacci extension, ascending trend line and 38.2% fibonacci retracement where we could see a further bounce above this level.

Trading Recommendation

Entry: 1.32513

Reason for Entry:

horizontal pullback support, 127.2% fibonacci extension, ascending trend line and 38.2% fibonacci retracement

Take Profit: 1.33913

Reason for Take Profit:

100% fibonacci extension

Stop Loss: 1.32008

Reason for Stop Loss:

50% fibonacci retracement