GBP/USD Bullish Advance at The Historical Bottom

GBP/USD Technical Analysis

• Bullish configuration
• Upmove starts
• M H3 is the first target
• GBPUSD at the important level

1. Swing low/historical support
2. Swing high
3. Entry zone
4. First target

GBP/USD has reached an important zone where the price could bounce. We can see the bullish advance at the bottom. One of the biggest advantages in Forex trading is that the price repeats itself. We need to align the historical perspective with the now moment perspective. At this point the move up is imminent and you can see that my long position is already in profit. The first target is M H3 camarilla resistance 1.3435 but it could also be 1.3353 order block. Move above 1.3435 will target 1.3573 and 1.3625 respectively.

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Cheers and safe trading,

Nenad