GBPUSD H4 Potential Bullish Momentum | 28th June 2022

On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 1.21657 where the horizontal overlap support and 50% fibonacci retracement are to our take profit at 1.24327 in line with the 61.8% fibonacci projection , 78.6% fibonacci retracement and pullback resistance. Alternatively, price may break entry structure and head for stop loss at 1.19313 where the horizontal swing low support is.

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