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GBPUSD testing major support, potential bounce!

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FX:GBPUSD   İngiliz Sterlini / ABD Doları
is testing major support at 1.3930 (horizontal overlap support, 23.6% Fibonacci retracement ). A strong bounce could occur at this level, pushing price up to our next major resistance at 1.3996 (horizontal swing high resistance, 50%, 78.6% Fibonacci retracement , 100% Fibonacci extension ).

Stochastic (34,5,3) is also seeing a bounce off its ascending support line along with a bullish divergence , a good precursor for a potential rise in price.

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İşlem kapandı: hedefe ulaştı:
Woohoo resistance target reached perfectly guys! Did any of you guys get in on this?

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname

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