GBPUSD Trading Opportunity

The price dropped to SMA100 and this zone can give us 2 possible trading signals. If the price bounces from SMA100 and breaks the local swing high, we'll get a buy signal. Entry level should be at 1.40700 level. Stop orders must be placed below the local swing low at 1.39900 level. Profit targets should be at 1.41500 and 1.42500 levels.

Alternative variant: if the price breaks SMA100 and drops below the support level, we'll get a sell signal. Entry level is 1.39900 with stop orders at 1.40700 level. Profit targets are 1.39000 and 1.38000 support levels.