GBP/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.3847, 1.3950, 1.4000.
Key Support Levels: 1.3801, 1.3750, 1.3700.
The price on the higher time frame found support around the 1.3801 USD mark where the buyers managed to overwhelm the sellers. The market reversed and moved higher and we could see the series of higher lows and highs showing that we are in a clear uprend. So the odds are in our favor.
GBP/USD Medium-Term Trend: Bullish
On the lower time frame, the pair found support near the area of confluence which is made of a bespoke support and the 50% Fibonacci retracement level. a lower correction could be seen to this area before a new impulsive bullish wave toward the target profits.
Buy Limit Order @ 1.38039
TP 1 @ 1.38444
TP 2 @ 1.39500
Stop Loss @ 1.37846
Trade Safely 🙂