GBPUSD approaching 1st support, potential bounce!

Price is approaching 1st support, in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing low support. We could see a bounce and further rise up toward 1st resistance, in line with 78.6% Fibonacci retracement, 100% Fibonacci extension and horizontal swing high resistance. Stochastics is also approaching support where price has bounced before in the past as well, indicating potential for further bullish pressure.

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