GBP/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.2259, 1.2279, 1.2329
Key Support Levels: 1.2166, 1.2095, 1.2024
The price on the higher time frame has been in an uptrend for some time and recently did a pullback to test the support level of 1.8899 and bounced back. The pair has broken a minor level of 1.2137 which suggests trend continuation.
GBP/USD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.2024 and 1.2095 and sustained above that. The pair has now broken and retested a minor level of 1.2166 before continuing the momentum.
Buy Stop Order @ 1.2207
TP @ 1.2254
Stop Loss @ 1.2160
Trade Safely 🙂