Rebound Insight
Our Pivot: 1.3108
Our Preference: Buy GBPUSD above 1.3130 with strict stop loss of 1.3108 with profit target at 1.3170 and 1.3190.
Alternate Scenario: Downward penetration of 1.3108 will call for 1.3080 and 1.3055.
NOTE: GBPUSD is being supported by a rising trend line along with horizontal supportive region. Hourly momentum indicators are changing their direction towards bullish side.
Hourly chart with supports & resistances:
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