FX:GBPUSD   British Pound / U.S. Dollar
OANDA:GBPUSD
OANDA:GBPUSD
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GBPUSD - Intraday - We look to Buy at 1.2490 (stop at 1.2450)

A 5 wave bearish count has been completed at 1.2439. Buying posted in Asia. Bespoke resistance is located at 1.2575. The 261.8% Fibonacci extension is located at 1.2539 from 1.2439 to 1.2477. Risk/reward is ample to call a buy trade. Bespoke support is located at 1.2490. The 50% Fibonacci retracement is located at 1.2488 from 1.1239 to 1.2538.

Our profit targets will be 1.2575 and 1.2600

Resistance: 1.2538 / 1.2575 / 1.2600
Support: 1.2488 / 1.2477 / 1.2439
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