This forex analysis continues a series on GBP/USD signals. A bullish harmonic pattern on the H4 chart suggests an uptrend. Our recommended entry for a long trade based on weakening bearish momentum on the M15 and M30 MACD indicators.
Stop loss is suggested at 1.2333 and take profit targets are 61.8% Fibonacci level (1.2577) and potentially 100% Fibonacci level (1.2709) if the trend continues.
