GBP/USD near support, a bounce is possible!

GBPUSD is near support, a bounce to 1st resistance is possible
Entry: 1.2844
Why it's good : 100% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal swing low support
Stop Loss : 1.1256
Why it's good :38.2% & 61.8% Fibonacci retracement,100% Fibonacci extension, horizontal swing low support
Take Profit : 1.1342
Why it's good: 100% Fibonacci extension, horizontal swing high resistance

Analysis are provided by InstaForex