Hello, traders in my previous GBPUSD idea last week(previous idea attached below), I predicted that GBPUSD would continue the uptrend from 1.2350 and only 1.2520 would offer some resistance. As you can see, price moved exactly as I predicted.
Currently, GBPUSD is finding some support at 1.2350 level. Price is also hovering around the dynamic support in the 4H chart. Keep in mind that 1.2350 is the key level. A break of this level would see GBP/USD fall further towards 1.22.
However, the key level has not broken yet. So, we can consider long entries as long as price stays above 1.2350.