On the hourly chart, it is evident that buyers are stronger than sellers in the GBPUSD currency pair, as confirmed by the indicators on the chart. The 120-period moving average confirms the bullish direction as it is below the price. The Zig Zag indicator confirms buying opportunities as significant lows and highs are increasing. The buy signal is confirmed by the price position relative to the moving average indicator. This is at the level of 1.3100. Therefore, it is preferable to consider buying rather than selling. It is best to consider buying from the support level of 1.3090 with the first take profit at the price level of 1.3130, and the second order closing at 1.3170. The stop loss for both orders can be set at the level of 1.3060. Selling can be considered after the pair breaks and consolidates below the price level of 1.3030. The take profit for sales is at the level of 1.2990, with the stop loss set at 1.3060. For a more precise entry into the purchase, the fifteen-minute chart can be considered.
