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GBP/USD approaching support, potential bounce!

Price is approaching our first support at 1.29072 where we are expecting a bounce to our first resistance level at 1.29682

Entry: 1.29682

100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support

Take Profit : 1.29682

Why it's good : horizontal swing high resistance

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