Gbpusd is now on strong uptrend. After making low at 1.3835, this pair has bounced back and established bullish trend. After breaking 1.4040 level, this pair ha confirmed its bullish momentum. So we need to follow the new trend. That's why we have to look for buy entry on this pair.
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1.4120 level can be near term buy zone, stop loss will be below 1.4090, target will be 100-120 pips
1.4040 level can be another buy level for this pair, stop loss should be 40-50 pips, target will be 150 pips.
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