GBPUSD holding above ascending trendline support. With price holding above moving average support, a further push up above our 1st support at 1.38452 towards graphical swing high and 1st resistance at 1.38911 could be possible.
Trading Recommendation
Entry: 1.38452
Reason for Entry:
61.8% Fibonacci retracement, ascending trendline support, moving average support
Take Profit: 1.38911
Reason for Take Profit:
Graphical swing high resistance
Stop Loss: 1.38181
Reason for Stop Loss:
Graphical swing low
