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16.07.201906:16 Forex Analysis & Reviews: GBP/USD approaching support, potential bounce!

Long-term review

Exchange Rates 16.07.2019 analysis

GBPUSD is approaching our first support where we expect a bounce above this level.

Entry: 1.2510

Why it's good : horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension

Stop Loss : 1.2470

Why it's good : 76.4% Fibonacci retracement, Horizontal overlap support

Take Profit : 1.2583

Why it's good: 38.2% Fibonacci retracement, Horizontal overlap resistance, 61.8%, 100% Fibonacci extension

Exchange Rates 16.07.2019 analysis

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Dean Leo,
Analytical expert of InstaForex
© 2007-2021
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