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GBP/USD: good signals for the GBP

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Recommendation:

BUY 1.3235

SL 1.318

TP1 1.3295 TP2 1.3395 TP3 1.352

On the daily chart of GBP/USD, bulls managed to hold the pair above the support at 1.3065 and above the upper boundary of the downward channel. To continue the rally to the 161.8% target of the AB=CD pattern, they need to break the 1.327-1.332 convergence.

gbpusd_d.png

On H1, a break of the resistance at 1.3235 will let bulls continue the movement up to targets of «Wolfe waves” and AB=CD patterns.

gbpusd_60.png

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