23.07.201906:53 GBP/USD approaching support, potential bounce!

Long-term review

Exchange Rates 23.07.2019 analysis

GBPUSD approaching our first support where we are expecting a bounce above this level.

Entry: 1.2447

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

Exchange Rates 23.07.2019 analysis

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

Performed by Dean Leo,
Analytical expert
InstaForex Group © 2007-2020
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