Price is approaching 1st support, in line with 61.8% Fibonacci retracement , 78.6% Fibonacci extension and horizontal swing low support. We could see a bounce and further rise up toward 1st resistance, in line with 78.6% Fibonacci retracement , 100% Fibonacci extension and horizontal swing high resistance. Stochastics is also approaching support where price has bounced before in the past as well, indicating potential for further bullish pressure. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.


See also  GBPUSD - BUY ABOVE @1.385 for FX:GBPUSD by PeNuel2020