GBP/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.36054, 1.36426, 1.36818.
Key Support Levels: 1.35524, 1.35171, 1.34950.
Daily Time Frame:
The price on the higher time frame succeeded to break the bearish trendline to the upside. The market as well managed to break a strong resistance line around the 1.35534 USD mark which could lead to a further movement to the upside.
GBP/USD Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line as well where also we have seen a Wyckoff accumulation phase where the buyers might took control of the price.. A lower correction could be seen before a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 1.35577
TP 1 @ 1.36054
TP 2 @ 1.36426
Stop Loss @ 1.35338
Trade Safely 🙂