GBP/USD Potential Upward Movement

GBP/USD Long-Term Trend: Bullish

Key Resistance Levels: 1.35185, 1.35891, 1.36213

Key Support Levels: 1.33749, 1.32559, 1.31304

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It tested a support level of 1.31304 and bounced back. The pair has also broken 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 resistance area recently to shift the short term trend to bullish. As of now the pair has broken and retested a minor level of 1.33749 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.34419

TP @ 1.35132

Stop Loss @ 1.33696

Trade Safely 🙂

This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.

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