GBP/USD approaching support, prepare to buy for a quick bounce

The price is approaching strong support at 1.2929 (Fibonacci retracement, Fibonacci extension, horizontal pullback support, bullish divergence) and we expect to see a strong bounce above this level to at least 1.3006 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing strong support above 9.59% where we expect a bounce from and also displays […]