As you can notice in the chart, the macd signal line crossed the 0.0 level in uptrend and at the same moment the price broke out of the resistance line in uptrend. Placing SL at minimum support and Target price with 2.50 Risk - Reward ratio. GBP/
simple trendline break on 4H chart and retest of trendline, broken 145.00 region, should see 146.500 pretty soon.
Instead of pulling back to 1.22 - which would be expected from a continued consolidation that started last October - GBP/USD is drawn to 1.25. Interesting that GBP/USD is currently negatively correlated with the US stock market, and has been since Trump’s election (bottom chart). Growing concerns with the US will favour GBP/USD, as too will concerns that...
I take long in this situation the pair don't break the support and take the way to upturn to levels 1.3298 and 1.3458 your next resistance if the price break the ichimoku line its possible the trend continue up to highs levels and your direction and target is touch the moving average 800 periods and then probably take a correction but just the time have tell us