GBP/USD Potential Upward Movement

GBP/USD Long-Term Trend: Bullish

Key Resistance Levels: 1.24089, 1.25236, 1.25892

Key Support Levels: 1.22522, 1.21671, 1.21041

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a support level of 1.21041 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

GBP/USD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a level of 1.21671 and has sustained above that. As of now the pair has broken and retested a minor level of 1.22522 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.23243

TP @ 1.24034

Stop Loss @ 1.22447

Trade Safely 🙂