GBP/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.38152, 1.38289, 1.39000.
Key Support Levels: 1.37764, 1.37580, 1.37000.
The price on the higher time frame found support around the 1.37766 USD mark where engulfing bullish pattern has been posted. This shows that the pullback has ended and its time for a new impulsive wave toward the next key resistance level.
GBP/USD Medium-Term Trend: Bullish
On the lower time frame, the market is traded inside a bullish flag formation where the price found buyers around the area of confluence made of the 50% Fibonacci retracement level and the bespoke support. A lower correction could be seen before a new impulsive wave toward the target profits.
Buy Limit Order @ 1.37782
TP 1 @ 1.38281
TP 2 @ 1.39000
Stop Loss @ 1.37535
Trade Safely 🙂