GBPUSD facing bullish pressure, potential for upside

Prices are taking support from 1st support level which coincides with graphical swing low support as well as 61.8% Fibonacci retracement and Fibonacci extension. Prices might swing higher towards 1st resistance level which is the graphical swing high resistance which coincides with 50% Fibonacci retracement as well as61.8% Fibonacci extension. If prices fall below first support, prices will probably lower down to our 2nd support which coincides with 100% Fibonacci extension. Stochastics is also in line with our bearish bias.