GBP/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.31372, 1.31731, 1.32000.
Key Support Levels: 1.31027, 1.30778, 1.30546.
1-Hr Time Frame:
The price on the higher time frame failed to continue its move downward and it retraced with a lower higher signaling that we are in a new trend to the upside leaving a fake out behind. This could lead to a further movement to the upside.
GBP/USD Medium-Term Trend: Bullish
10-Mins Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction could be posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 1.31061
Target Profit 1 @ 1.31372
Target Profit 2 @ 1.31731
Stop Loss @ 1.30752
Trade Safely 🙂