GBP/USD Bullish Bounce
Tickmill | Nov 19, 2021 02:18AM ET
Type: Bullish Bounce
Key Levels: Resistance: 1.35082, pivot: 1.34651, support: 1.34496
Preferred Case: GBP/USD is in a bullish momentum and consolidating in a parallel channel. We see the potential for a bounce from our pivot at 1.34651 which is an area of Fibonacci confluences towards our 1st resistance at 1.35082 in line with 61.8% Fibonacci retracement.
Alternative Scenario: Alternatively, prices might dip towards our 1st support at 1.34496 in line with 38.2% and 50% Fibonacci retracement.
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