GBPUSD approaching support, potential bounce!
Price is approaching our first support (Horizontal pullback support, 38.2%, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where we might see a bounce in price to our first resistance level (horizontal swing high resistance, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
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Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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