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GBP/USD bouncing above major support, remain bullish for a push up

The price has started to form a nice bullish configuration. We look to buy above major support at 1.3120 (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.3236 resistance (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance).

Stochastic (34,3,1) is bouncing above 3% support and has good upside potential.

Buy above 1.3120. Stop loss is at 1.3085. Take profit is at 1.3236.

analytics5a025f758aaea.png

The material has been provided by InstaForex Company – www.instaforex.com

No image available

GBP/USD bouncing above major support, remain bullish for a push up

The price has started to form a nice bullish configuration. We look to buy above major support at 1.3120 (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.3236 resistance (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance).

Stochastic (34,3,1) is bouncing above 3% support and has good upside potential.

Buy above 1.3120. Stop loss is at 1.3085. Take profit is at 1.3236.

analytics5a025f758aaea.png

The material has been provided by InstaForex Company – www.instaforex.com

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