GBP/USD bounced nicely off its support at 1.2705 (100% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.2839 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is bounced off its support at 2.7% where a corresponding rise could occur.
GBP/USD bounced nicely off its support where we expect to see a further rise.
Buy above 1.2705. Stop loss at 1.2650. Take profit at 1.2839.
