The GBPUSD 2H chart looks bullish and is targeting the monthly trendline resistance.
Here are the details:
After recovering from monthly lows, the market is now on a steady incline, showing swings of higher highs and higher lows. The market has also recently broken and closed above the 20 EMA. Our plan here is to buy market dips and target an exit just above the trendline resistance.
Preferred Direction: Buy
Entry Level: 1.26648
Stop Level: 1.26234
Target Level: 1.27487
Technical Indicators: 20 EMA
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