GBPUSD approaching major support, potential for a bounce
GBPUSD is approaching strong support at 1.3766 and there's a strong potential for a bounce from here. There's multiple fibonacci retracement, extensions and supports at that level. At the same time, we're seeing stochastic approach a strong area of support too where a corresponding bounce could occur.
Our resistance remains at 1.4135 which is a major swing high and a strong 61.8% Fibonacci retracement level.
Our resistance remains at 1.4135 which is a major swing high and a strong 61.8% Fibonacci retracement level.
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