GBP / USD H1.
On Monday, April 27, we also recommended buying the British pound in pair with the dollar, if the downward trend line is overcome. Above is an illustration of our trading ideas. As expected, the line was then overcome , so you should buy a pair of GBP / USD with the goal of the Senkou Span B line, which runs at 1.2467.
Now the technical picture of the GBP/USD pair is as follows. Traders worked and overcome the Senkou Span B line, and also worked the first resistance level of 1.2494 for the 4-hour timeframe. Thus, the first mandatory goal has been fulfilled and the profit is 75 points if traders entered at the close of the hour bar, which witnessed the overcoming of the downward trend line. If traders still remain in longs, then we recommend closing them, since at the moment the profit is already more than 100 points, which for the GBP/USD pair is an excellent result when trading in the short-term periods. Congratulations!
