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FXNOVA Strategy – GBP/USD Bullish Bias Above 1.3610

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Trade Signal Description:
Strategy : FXNova
Symbols : GBPUSD
Type : Buy
Enter : 1.3610
Stop Lost : 1.3590
Target A : 1.3670
Target B : 1.3690
Target C :
Risk : Medium
Description : GBP/USD stabilizes above 1.3610, targeting 1.3670 and 1.3690 amid consolidation with upside bias.

GBP/USD Intraday Signal: Consolidation With Upside Potential

Analysis:

GBP/USD is trading in a consolidation phase while holding above the pivot support at 1.3610. A support base has formed at this level, allowing for temporary stabilization and shifting the short-term bias slightly to the upside. As long as price remains above 1.3610, buyers are expected to target 1.3670, followed by the extended objective at 1.3690.

The formation of a support base suggests that downside pressure is easing, with consolidation likely serving as a base-building phase rather than a reversal. Pullbacks toward the pivot are expected to attract renewed buying interest.

Alternatively, a sustained break below 1.3610 would weaken the bullish setup and expose downside levels at 1.3590 and 1.3570.

Trade Setup:

Enter: Long above 1.3610
Stop-Loss (SL): 1.3590
Target A: 1.3670
Target B: 1.3690

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