GBPUSD M30: Bullish outlook seen, further upside above 1.1820

On the M30 timeframe, prices are hovering a key support zone at 1.1820. A throwback to this zone could present the opportunity to ride the bounce to the resistance zone at 1.1880, which coincides with the 38.2% Fibonacci retracement. Stochastics are in the oversold region below 20, supporting our bullish bias.