Midterm Bearish Trend is over. Price is above all major EMAs. We might see retracement towards 1.39500 and 1.39200 Those levels can be used as buying opportunities.
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As we have published last night before the day ends, GBPUSD pulls back to key structure support. the price may test the Trend Line.
1.39460 is the first weak support level for intraday trading. Below 1.39460, 1.39250 is the stronger support.
We will be focusing on finding a buy level somewhere around 1.39300 – 1.39000.
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Target as described on the chart
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Cable retested the trendline as predicted and broke the structural resistance. Target 1.40300 and 1.41000