GBP/USD: Bullish momentum continues, chasing 1.28. Clean setup for longs.

Market Outlook

GBP/USD is showing strong bullish momentum, up 0.33% today and currently holding around 1.26924. The trend is clearly up, and "the trend is your friend" is my play here. We've seen solid support around 1.265 and the lower end of the day range at 1.26288 has held firm. This confirms the underlying strength.

The Trade

I'm looking to get long on this dip. Taking this trade with an entry at 1.2677. Levels are clear: Stop Loss set tight at 1.2601, just below key support. My target is 1.2868, aiming past the immediate resistance at 1.2756 and 1.28. General USD weakness combined with positive sentiment is helping push Cable higher. Keep an eye on those resistance levels. Anything can happen, but the setup is clean.