GBP/USD target reached to perfection, or prepare for another rebound




The price has dropped perfectly for our sales floor, and reached our profit target. We are currently seeing a major support so the plan is to buy above 1.3112 (Fibonacci extension, horizontal swing low support) for a push up to at least 1.3229 resistance (Fibonacci retracement, horizontal overlap of the resistance).

Stochastic (21,3,1), it is to see a major support to the above of 4.4% where we expect a rebound.

Buy above 1.3112. Stop loss is at 1.3017. Take profit is at 1.3229.



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