19.07.201812:00 Forex Analysis & Reviews: GBP/USD Bounce Off Support, Prepare For A Rise!

Long-term review

GBP/USD bounced off its support at 1.3030 (100% Fibonacci extension, 76.4% Fibonacci retracement, multiple swing low support) where we expect price to rise to its resistance at 1.3222 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance). Stochastic (89, 5, 3) bounced off near its support at 3.3% where a corresponding rise could occur.

GBP/USD bounced off its support where we expect to see a further rise.

Buy above 1.3030. Stop loss 1.2945. Take profit at 1.3222.

Exchange Rates 19.07.2018 analysis

.

.

.

.

.

.

.

.

.

#theforexarmy #forexsigns #forexsignals #forexfamily #forexgroup #forexhelp #forexcourse #forextrade #forexdaily #forexmoney #forexentourage #forextrading #forex #forexhelptrading #forexscalping #babypips #forexfactory #forexlife #forextrader #financialfreedom #daytrader #scalper #swingtrader #fx #currency #pips #technicalanalysis #forexmarket

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Show more
Can't speak right now?
Ask your question in the chat.