GBP/USD is looking to extend gains across the board after having found a strong support near 1.3985. Currently, it's facing a resistance at the 1.4078 level, which is helping to cap further gains in the pair and if a breakout happens over there, then we might expect a higher continuation towards the 1.3134 level. MACD indicator stays in the positive territory, favoring to the bulls.
H1 chart's resistance levels: 1.4078 / 1.4134
H1 chart's support levels: 1.3985 / 1.3849
Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.4078, take profit is at 1.4134, and stop loss is at 1.4024.
