GBPUSD holding above ascending trendline support. A short term bounce above 1st support at 1.40881 towards 1st resistance at 1.42117could be possible. RSI is testing support where price bounced in the past as well.
Trading Recommendation
Entry: 1.40881
Reason for Entry:
61.8% Fibonacci retracement, ascending trendline support
Take Profit: 1.42117
Reason for Take Profit:
Graphical swing high
Stop Loss: 1.40056
Reason for Stop Loss:
Horizontal swing low
