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GBP/USD Potential Upward Movement

GBP/USD Long-Term Trend: Bullish

Key Resistance Levels: 1.3607, 1.3697, 1.3820

Key Support Levels: 1.3464, 1.3411, 1.3284

Daily Time-frame:

The price on the higher time frame has seen a reversal in trend and has shown good momentum in the long side. Recently we have also seen rejection from the downside and with good volume, we can see a move towards 1.38

GBP/USD Medium-Term Trend: Bullish

1-Hour Time-frame:

On the lower time frame, the price has shown a structural bullish move. We have also seen good momentum and currently, price has broken the zone of 1.3554 and formed a higher high pattern. We expect a good run as long as its under the support range of 1.3520.

Signal Idea:

Buy Stop Order @ 1.3562

TP 1 @ 1.3651

TP 2 @ 1.3684

Stop Loss @ 1.3517

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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