GBPUSD buy trade 14/05/2021

#OPINIONLEADER# #Signal#

BUY GBPUSD 1.4060

SL: 1.4030

TP1: 1.4080

TP2: 1.4100

TP3: 1.4120

Signal Analysis by LCMS Traders

Currency Pair: GBPUSD

BUY GBPUSD 1.4060 

Timeframe: H1

Step 1 - Previous News: GBP: BOE Gov Bailey said central bank’s forecasts were to hold, higher inflation is unlikely going to persist, USD: Unemployment Claims continued decline

Step 2 - Trend: Up to Across, Trend Following

Step 3 - Support/Resistance: Moving Towards Resistance

Step 4 - Indicators

- Bollinger Bands: touch 

- MACD: both up

- Stochastic: H4 heading up

- PSAR: bullish

Step 5 - Upcoming News: GBP: -, USD: Retail Sales 2030hrs