#GBP/USD#

TOP DOWN ANALYSIS

WEEKLY TIMEFRAME
1. EMA pointing upward and below price action indicating uptrend
2. Break of previous high and we could see price retrace to test the broken resistance as support around 1.25000 pyschological level
3 .Market structure indicated its uptrend cause of break of structure , so shift of momentum is now uptrend


DAILY TIMEFRAME
1. EMA point upward indicating still upward trend
2. Price is rejection the 200 EMA which acts as dynamic resistance
3.Price respect the 38.2% fib level retracement around 121.700 so our extension projection will be to -0.27 of the daily high and low which is around 129.600
4. We can see high momentum to the upside and possible continuation after retest

H4 TIMEFRAME

1.we saw break of structure and price continuing to upside , we could see a price reject the 126.200 level before retracing to our liquidity zone around 1.24700 a pyschological level plus also it is a 38.2 fib retracement level for a continuation to upside
2. EMA crossover to upside with high momentum



H1 TIMEFRAME

1. EMA crossover to upside
2. Trend indicate it is super bullish to the upside and lets wait for weakness of buyer for a pullback before entrying at test of previous high which is aligned with the 38.6 fib level. or a test of trendline

TARGET
I am looking for target around 129.600 based on the daily timeframe and also we need to see a slight pull back to 1.24600 level before longing and we need price to break the high for a continuation to upside target


This is a quick break down of the pair and my perspective on the market, let me know in the comment section below if you have any questions, what you would like to learn from me, or anything of value that you wanna share,All entry will be based on multiple confirmation as stated on the videos, I suggest you keep this pair on your watchlist & use proper risk management.