Bullish outlook on GBPUSD
Prices have broken above a key support zone at 1.2150 on the H1 timeframe. A throwback to this zone, which coincides with the 38.2% Fibonacci retracement , could present the opportunity to ride the bounce to the resistance zone at 1.2250, which is in line with the 78.6% Fibonacci extension . Price is holding above the 20 EMA and Ichimoku cloud , supporting our bullish bias.Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
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