GBP/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.38919, 1.40006, 1.41065.
Key Support Levels: 1.38005, 1.36867, 1.36800.
The price on the higher time frame succeeded to break the daily resistance around the 1.38005 USD mark by posting an engulfing bullish pattern. The market retraced to this area where a new bullish impulsive wave might be seen.
GBP/USD Medium-Term Trend: Bullish
On the lower time frame, the price managed to break the bullish formation after finding buyers around the 50% Fibonacci retracement level. a lower correction could be seen to the highlighted zone before a rally toward the target profit.
Buy Limit Order @ 1.38290
TP 1 @ 1.38868
TP 2 @ 1.40006
Stop Loss @ 1.38101
Trade Safely 🙂