On the GBP/USD daily chart, after the target at 1.2375 has been fulfilled, “bulls” slowed down and allowed quotes to fall below the base of the 26th figure.
However, the situation remains under the control of buyers. So, the opening of long positions is relevant.
On the GBP/USD hourly chart, an update of the November high can lead to the continuation rally towards 1,274-1,276, 1.28 and 1,289-1,2905. Rebound from the lower boundary of the upward short-term trading channel (1,2465-1,2575) will be a signal for the opening of long positions.
Recommendation: BUY 1,247 SL 1,2415 TP 1,275
Origin: FX BAZOOKA
