GBPUSD Approaching Support, Potential Bounce.

GBPUSD is approaching its support at 1.2798 (78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.2912 (23.6% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 2.6% where a corresponding bounce could occur.

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