GBP/USD Bullish Momentum: The Trend Is Our Friend

The Setup

GBP/USD shows a clear bullish trend, up 0.32% today at 1.26899. The price has held above key support around 1.265. Levels are clear; momentum is strong, suggesting a continuation towards higher resistance. This is a clean setup for an intraday move.

My Trade

Taking this trade long. My entry is set at 1.2676, targeting 1.2856. Stop loss placed at 1.2604. While the technicals are strong, with the current macro backdrop favoring GBP strength, always remember market conditions can shift. We're looking to push past the 1.275 resistance zone and aim for 1.28 and beyond.