GBPUSD bounce above support, potential for bounce | 24 June 2021

GBPUSD bounce above support, potential for bounce | 24 June 2021 for FOREXCOM:GBPUSD by FXCM

GBPUSD bounce above support, potential for bounce | 24 June 2021

British Pound / U.S. Dollar FOREXCOM:GBPUSD

GBPUSD testing and reacting above 61.8% Fibonacci retracement level and key graphical overlap support at 1.39493. A further push up above our entry towards graphical swing high and long-term 61.8% Fibonacci retracement level at 1.40088 could be possible. Price is holding above moving average support and we also see that a golden cross has formed, confirming a change in trend.

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