GBP/USD Potential Upward Movement

GBP/USD Long-Term Trend: Bullish

Key Resistance Levels: 1.32110, 1.32360, 1.33000.

Key Support Levels: 1.31826, 1.31631, 1.31000.

1-Hr Time Frame:

The price on the higher time frame could not continue its move to the downside and faced a strong resistance which led to a move higher along with a strong positive momentum. A potential reversal could be seen where further movement to the upside could be posted.

GBP/USD Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a higher low 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 @ 1.31860

Target Profit 1 @ 1.32110

Target Profit 2 @ 1.32360

Stop Loss @ 1.31610

Trade Safely 🙂