GBPUSD: Top-Down Analysis & Trading Plan 🇬🇧🇺🇸

GBPUSD is trading in a long-term bullish trend.
After the price set a new higher high on a daily, the market retraced.
The pair is currently approaching a horizontal key support.

To buy the market with a confirmation, watch a double bottom pattern on 4H.
1.2753 is its neckline.
If the price breaks and closes above that on a 4H, it will confirm the initiation of a bullish movement.

A bullish continuation will be expected then.
Goal will be 1.2826

If the price sets a new lower low, the setup will become invalid.

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