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GBPUSD TRADE SETUP

95
Potential Trade Setup on GBPUSD

The price has successfully retested a very strong support after the 3-week rally it exhibited in March.

However there has been little to no pullback after the rally, and currently, it is firing a possible divergence at 1.2970

The price is developing, and I am waiting for a break below the support area at 1.2960 to take a possible short-term sell trade.

A BUY opportunity is at the bottom of the 50% fib at 1.2700.

You may find more details in the chart!

Thank you and Trade Responsibly!

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