Current price: 1.3485
Key point: 1.3475
Our preferred strategy: Buy positions above 1.3475 with a first target of 1.3515 and then a second target of 1.3565.
Alternative scenario: Stop loss and trend reversal upon breaking the 1.3460 level, targeting the 1.3430 level.
Technical commentary
The GBP/USD pair reached the key support levels of 1.3465-1.3475, from which it has already rebounded. It is expected to continue its upward movement towards 1.3515, and if it breaks above that level, it will then target 1.3565.
