GBP/USD remain bullish above key support - Forex247

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Tuesday, December 20, 2016

GBP/USD remain bullish above key support

The price has dropped further, and we remain bullish above the support at 1.2382 (Fibonacci projection, horizontal swing low, bullish candlestick reversal) for a bounce up to 1.2555.Stochastic (55,5,3) reflects major support above our 8% level.

Buy above 1.2382. Set stop loss at 1.2290 and take profit at 1.2555.

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