Forex Trading Ideas: GBP/USD Goes Back Up!

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The GBP/USD had a bullish ‘Regular Divergence Trade Setup’ last week in the Forex Market. Giving Forex traders between sixty and one hundred and twenty pips. Depending what your entry price was.

However, using the ‘Fibonacci Measuring Tool.’ We saw price bounce of the 38.2% Fibonacci level. We have strong major support at 1.2880. And resistance at 1.3050