GBP/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.4003, 1.4080, 1.4344
Key Support Levels: 1.3808, 1.3670, 1.3540
The price on the higher time frame succeeded to break the bullish flag formation to the upside and now we are expecting that the price will post a correction count to the daily support around the 1.3084 USD level.
GBP/USD Medium-Term Trend: Bullish
On the 4-hr time frame, the price is trading inside a bullish channel formation where a lower correction is being formed. We have an area of confluence between the 50% Fibonacci retracement level and the support @ 1.3810 USD level. This could lead to a bounce and then move upward toward the 1.3901 USD mark.
Buy Limit Order @ 1.3810
TP 1 @ 1.3901
TP 2 @ 1.4003
Stop Loss @ 1.3766
Trade Safely 🙂