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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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GBP/USD near support, a bounce is possible!

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GBPUSD is near support, a bounce to 1st resistance is possible

Entry: 1.2844

Why it's good : 100% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal swing low support

Stop Loss : 1.1256

Why it's good :38.2% & 61.8% Fibonacci retracement,100% Fibonacci extension, horizontal swing low support

Take Profit : 1.1342

Why it's good: 100% Fibonacci extension, horizontal swing high resistance

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