GBPUSD - Limited downside

FX:GBPUSD   British Pound / U.S. Dollar

GBPUSD- Intraday - We look to Buy at 1.2490 (stop at 1.2450)

Bespoke resistance is located at 1.2574. In line with resistance, selling has been posted from 1.2572. A 5 wave bullish count has been completed at 1.2572. Expect trading to remain mixed and volatile. The medium term bias remains bullish . Bespoke support is located at 1.2490. We have a 61.8% Fibonacci pullback level of 1.2490 from 1.2439 to 1.2572. Preferred trade is to buy on dips.

Our profit targets will be 1.2572 and 1.2600

Resistance: 1.2574 / 1.2754 / 1.2759
Support: 1.2505 / 1.2490 / 1.2439
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