GBP/USD: Riding the Bullish Wave Higher – 1.268 Entry Targeting 1.2892

Market Read

GBP/USD is showing clear bullish momentum. Currently trading around 1.2697, up 0.37% today. The trend is my friend here. We've seen a strong bounce off the 1.2627 support zone, indicating continued buying pressure. My read is the dollar weakness continues, providing tailwinds for Cable.

My Setup

I'm looking long on GBP/USD. The path of least resistance is up.
Entry: 1.268
Stop Loss: 1.2595 (just below the 1.26 support level for safety)
Take Profit: 1.2892. This target aims beyond the 1.28 resistance, looking for a strong push if momentum holds.

Outlook

Watching closely for follow-through. If we can sustain above 1.27, the next major resistance at 1.2768 will be tested quickly. Keep it tight.