In my opinion the pair is preparing for a long term bullish movement as observed from monthly chart,confirmation will be from end of this month we'l be able to see whether the following monthly candle will continue the movement of the current bar
FX:GBPUSD I think GBP is going to rise against USD from today onwards,based on my support line where yesterday s bar bounced..and the overall trend seems to have retraced the past few days and it seems to be moving upwards(on daily chart).weekly chart also seems to be bullish.however,mothly chart looks bearish with a long bottom wick..so maybe it might close...
Based on my support area i think there's a strong possibility that the graph will move upwards/bullish because it seems to have finished retracing.i put target profit just below my resistance line and stop loss just above my support line (yellow line below)
