GBP/USD Technical Analysis

• GBP/USD is bouncing from the important historical support
• The price needs further bullish momentum above W L3 level
• Daily close above 1.3675 will make the price more bullish
• Watch for order block/even zone

DAILY CHART GBP/USD

1. Historical Bottom
2. Double Bottom breakout
3. The First Resistance W L3
4. Event Zone/Order Block

The price is currently bouncing from the zone. We should see a continuation move if the market closes above 1.3675 on a daily basis. That should make price more bullish as the new buyers will join. Then, the next target will be an event zone. Event zone is effectively an order block which represents previous swing or an important level where some significant move had happened. 1.3726 is the next target by the event zone. At this point this is obvious dip buying and we should see bullish continuation.