GBP/USD Approaching Support, Prepare For A Bounce
GBP/USD is approaching its support at 1.3003 (100% Fibonacci extension, 50%, 38.2% & 23.6% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.3154 (78.6% Fibonacci retracement, Horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 4% where a corresponding bounce could occur. GBP/USD is approaching its support where we expect to see a bounce.
Buy above 1.3... Read More...
Jeff Wecker