GBP/USD, 4-hour
Long or Short: Long
Entry Point: Market (1.5214)
Stop Loss: 1.5120
Profit Target: Initially at 1.5400, but adjust depending on the strength of the bounce
Trade Explanation:
- Upgrade of U.K.'s growth outlook and reduction of inflation forecast
- Resiliency of the pound versus other currencies against the dollar
- Bounce at a major support
- RSI is below 30.0