GBPUSD approaching support, potential bounce!

1 באוג׳ 2018

Price is approaching our first support at 1.3067 (Horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3206 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price.
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