04.06.202004:08 Forex Analyse & Reviews: GBP/USD approaching support, potential bounce

Exchange Rates 04.06.2020 analysis

Trading Recommendation

Entry: 1.24612

Reason for Entry: Horizontal pullback support, 100% fibonacci extension and 38.2% fibonacci retracement

Take Profit: 1.26348

Reason for Take Profit: Horizontal swing high resistance

Stop Loss: 1.23622

Reason for Take Profit: Horizontal pullback support, 61.8% fibonacci retracement

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

Uitgevoerd door Dean Leo,
Analytische expert
InstaForex Group © 2007-2020
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