17.04.2020
The overall trend is upward. The descending truncated H4 level pattern ended with the breakout of an inclined channel. Bullish divergence has formed on Awesome Oscillator. Breaking through the round secondary level 1.2520 will result in the formation of an ascending wave pattern within the ascending H12 level pattern (wave C).
Trading recommendations:
Buy on the breakout of the round secondary level 1.2520.
Stop loss: 1.2410.
Target levels: 1.2643; 1.2750.
The GBPUSD rate online: monitor the movement of the pair in real-time.
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