GBPUSD is near support, a bounce to 1st resistance is possible
Why it's good : 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support
Stop Loss : 1.2559
Why it's good :100% Fibonacci extension, horizontal swing low support
Take Profit : 1.2763
Why it's good: 61.8 &100% Fibonacci extension, horizontal swing high resistance
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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.