GBPUSD approaching our first support where we are expecting a bounce above this level.
Why it's good : horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement
Stop Loss : 1.2384
Why it's good : Horizontal swing low support
Take Profit : 1.2556
Why it's good: Horizontal swing high resistance, 61.8% Fibonacci extension
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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