GBPUSD H4 | Bullish reversal off 61.8% Fibo?
#OPINIONLEADER#
GBPUSD is falling towards a recent swing-low and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.26726
Why we like it:
There is a recent swing-low support that aligns with the 61.8% Fibonacci retracement level
Stop Loss: 1.26066
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci projection level
Take Profit: 1.27793
Why we like it:
There is an overlap resistance that aligns close to the 50.0% Fibonacci retracement level
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