Today's trade suggestion: We have broken above the weekly reversal level and the hourly channel top (see charts), and this means that momentum has turned bullish. We will now look to buy dips to 1.9780 - 1.9820 (1.9760 MAX), with a first target of 1.9900, and then 2.0000. If we can hold above 1.9850 today, we should get to 2.0000 sooner, rather than later.
Key G7 Support levels: 1.9780/1.9820, 1.9760
Counter-trend opportunities: None
GBP/USD Hourly chart:
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