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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 approaching support, potential bounce

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Trading Recommendation

Entry: 1.24612

Reason for Entry: Horizontal pullback support, 100% fibonacci extension and 38.2% fibonacci retracement

Take Profit: 1.26348

Reason for Take Profit: Horizontal swing high resistance

Stop Loss: 1.23622

Reason for Take Profit: Horizontal pullback support, 61.8% fibonacci retracement

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