Gbpusd has found bullish momentum again by forming a bullish engulfing pattern on daily. Before this candle, some bullish candles were formed on h4 which gives bullish momentum on this pair. So this pair can continue its bullish rally again. This pair finds new Support at 1.2890 level. So above this level, we prefer to stay in bullish mode. SL will be below the support level and TP will be 30-100 pips.
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1.2930-40 can be good buy zone for gbpusd. We need any bullish candle on h1 or h4 from this buy zone, then we can take buy on gbpusd.
If this pair breaks support at 1.2890, then we should look for sell with targeting at 1.2800 and then 1.2700.
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