GBP/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.3997, 1.4143, 1.5000
Key Support Levels: 1.3907, 1.3809, 1.3675
The price on the daily time frame is trending to the upside after forming a double bottom pattern around the 1.3700 USD mark. A slight correction has been posted before most probably moving upward again.
GBP/USD Medium-Term Trend: Bullish
On the 4-hr time frame, the price is bouncing inside a bullish flag pattern where we expect a breakout to the upside. After this move, we could see a small retracement toward the 1.3970 USD level, then a move upward in the same direction of the main trend.
Buy Limit Order @ 1.3906
TP 1 @ 1.3994
TP 2 @ 1.4143
Stop Loss @ 1.3884
Trade Safely 🙂