GBP/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.2329, 1.2359, 1.2378
Key Support Levels: 1.2278, 1.2265, 1.2222
The price on the higher time frame has been in an uptrend for some time and recently the pair did a pullback to find support at the 1.2189 level. It bounced back and has broken a level of 1.2283 which suggests bullish bias.
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 1.2222 and 1.2265 and sustained above that. As of now the pair has broken a minor level of 1.2278 and retested before continuing the momentum.
Buy Stop Order @ 1.22958
TP @ 1.2318
Stop Loss @ 1.22737
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