GBP/USD above strong support, prepare to buy on dips
Price is above major support at 1.2861 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect price to make a bounce above this level towards 1.2988 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is also seeing strong support above the 13% area where we expect further bullish action from. Buy above 1.2861. […]