The pair is resuming the bullish bias from the April 5th lows across the board and it looks like we can expect a break of the 1.4166 level in order to extend gains toward the 1.4225 level which is our first target to the upside ahead of the key psychological barrier at 1.4300. The 200 SMA could still act as a dynamic support for upcoming sessions.
H1 chart's resistance levels: 1.4166 / 1.4225
H1 chart's support levels: 1.4061 / 1.3985
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 1.4166, take profit is at 1.4225 and stop loss is at 1.4108
