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FX.co ★ GBPUSD Bounce?

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Forex Analysis:::2023-03-03T08:17:08

GBPUSD Bounce?

GBPUSD Bounce?

GBPUSD is testing a major overlap support at 1.1933 - it has historically bounced from this level multiple times in the past. Could we see another bounce that would take it up to the take profit target of 1.2139?

It's worth noting that there's a descending resistance line that price would need to break to trigger a faster move up to the take profit target.

Analyst InstaForex
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