GBP/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.38919, 1.39490, 1.40006.
Key Support Levels: 1.38005, 1.37530, 1.36867.
The price on the higher time frame found buyers around the 61.80 % Fibonacci retracement level where it posted a higher low which shows that the buyers are in control of the market. The pair bounced on the daily support (1.38005 USD) and it might continue its upward movement in the coming hours.
GBP/USD Medium-Term Trend: Bullish
On the lower time frame, the pair posted a correction count to the 50% Fibonacci retracement level and moved higher. A lower correction could be seen to the highlighted zone before a new impulsive bullish wave toward the target profit.
Buy Limit Order @ 1.38368
TP 1 @ 1.38898
TP 2 @ 1.39490
Stop Loss @ 1.38132
Trade Safely 🙂