$GBPUSD | 4H Trade Setup Update Trade Position:Entry:Long at 1.306-Stop Loss:1.304 -Take Profit:1.32

$GBPUSD | 4H Trade Setup Update

Trade Position:
-Entry: Long at 1.306
-Stop Loss: 1.304
-Take Profit: 1.32

● Current Status: GBP/USD is testing resistance near the 200 MA, just above the Point of Control (POC), and approaching the 0.786 Fibonacci resistance level.

● Technical Indicators: Momentum & Money Flow: Both rising, indicating increasing bullish pressure. Stochastic RSI: Overextended, suggesting potential overbought conditions.

● Outlook: Moving averages have crossed bullish, hinting at potential continued upside. Watch for a confirmed break above the 200 MA and the 0.786 Fibonacci level to support further bullish momentum.