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GBP/USD Potential Upward Movement

GBP/USD Long-Term Trend: Bullish

Key Resistance Levels: 1.36880, 1.37313, 1.38000.

Key Support Levels: 1.36124, 1.35675, 1.35505.

Daily Chart:

The price on the higher time frame the market moved higher after finding support around the 1.34518 USD mark. It broke the daily resistance level around the 1.36124 USD and now this area is acting as a support level. A lower correction could be seen to this zone before a new impulsive wave toward the upside.

GBP/USD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the coin succeeded to break the bearish flag to the upside after finding buyers around the 61.80% Fibonacci retracement level. a lower correction could be seen to the 10.081 USDT mark before a new impulsive wave toward the target profit.

Signal Idea:

Buy Limit Order @ 1.36155

TP 1 @ 1.36880

TP 2 @ 1.37313

Stop Loss @ 1.35800

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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