GBPUSD: Potential Rally From Key Support

Price in GBPUSD is retracing towards a previous key support zone with the sliding parallel of the long-term median line set playing a key role as a holding support. In case we see price reaching the sliding parallel we better start watching for a buy setup completion. Stop-loss should be placed below the 1.32950 and potential profit targets should be placed at around 1.34640.

All the best,
John