GBP/USD Going Up Further if 1.3650 Breaks

GBP/USD Technical Analysis

• GBP/USD is at resistance
• Continuation above resistance is targeting W H3
• D H4 needs to hold for bears
• W H3 could be the target

DAILY CHART GBP/USD

1. Swing low
2. Supply zone
3. Entry zone
4. Final target

The GBP/USD is bullish now. After a rejection towards 1.3170 zone the price made a bullish move. Bounce from 1.3615 is playing out and the first target has been made 1.3640. For a bullish continuation up, the price needs to break 1.3650 and we should see 1.3688 as the first target. 1.3732 is the final target. The move down happens if 1.3574 breaks. In that case the way towards 1.3510 is open. Watch he levels and trade accordingly.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad