FX.co ★ GBP/USD

Hello traders, the GBPUSD currency pair is currently trading above the moving average on the H1 timeframe. It is advisable to make purchases from the support level at 1.3560 and from the level at 1.3530, with the possibility of closing a portion at 1.3590 and leaving a part for the long term. The stop loss can be placed below 1.3510. Fibonacci retracement levels confirm the purchase of the pair. Now let's look at the M15 for a better understanding of the situation.

On the M15 timeframe, buying can also be considered as the price is above the moving average. Additionally, purchases can be added from the level at 1.3550, while it is recommended to set the stop loss for purchases at 1.3530 and take profit at 1.3580.