GBP/USD chart shows bullish momentum, backed by a major ascending trend line and a supporting ascending trend line.
Potential for a bullish bounce at the 1st support level of 1.2721 (pullback support). 2nd support at 1.2673 (overlap support, 61.80% Fibonacci Retracement).
1st resistance at 1.2771 (overlap resistance, 78.60% Fibonacci Retracement). 2nd resistance at 1.2847 (multi-swing high resistance).
The material has been provided by InstaForex Company – www.instaforex.com
GBP/USD chart shows bullish momentum, backed by a major ascending trend line and a supporting ascending trend line.
Potential for a bullish bounce at the 1st support level of 1.2721 (pullback support). 2nd support at 1.2673 (overlap support, 61.80% Fibonacci Retracement).
1st resistance at 1.2771 (overlap resistance, 78.60% Fibonacci Retracement). 2nd resistance at 1.2847 (multi-swing high resistance).
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: