GBP/USD Bounce Off Support, Prepare For A Rise!

GBP/USD bounced off its support at 1.3030 (100% Fibonacci extension, 76.4% Fibonacci retracement, multiple swing low support) where we expect price to rise to its resistance at 1.3222 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance). Stochastic (89, 5, 3) bounced off near its support at 3.3% where a corresponding rise could occur.

GBP/USD bounced off its support where we expect to see a further rise.

Buy above 1.3030. Stop loss 1.2945. Take profit at 1.3222.

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