GBPUSD is approaching our first support where we expect a bounce above this level.
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
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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