GBP/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.4221, 1.4244, 1.4300
Key Support Levels: 1.4146, 1.4049, 1.4002
The price on the higher time frame is in a clear upward movement where it is trading inside a bullish wedge formation. The pair is currently traded above the daily support (1.4146 USD) where we expect a further movement to the upside in the coming hours.
GBP/USD Medium-Term Trend: Bullish
On the lower time frame, the price bounced to the upside after posting a double bottom formation around the 1.4146 USD strong support. A correction is about to be posted and then we might see a rally toward our target profit.
Buy Limit Order @ 1.4149
TP 1 @ 1.4211
TP 2 @ 1.4221
Stop Loss @ 1.4130
Trade Safely 🙂