GBPUSD Potential for bullish momentum | 23th May 2022

With prices moving above the ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 1.25009 where the horizontal overlap support is to our take profit at 1.26243 in line with the 78.6% Fibonacci projection. Alternatively, price may break entry structure and head for stop loss at 1.23967 where the horizontal overlap support and 61.8% Fibonacci retracement are.

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