$GPB, Finally Ready for Going UP!

In the previous post about the pound gbp/usd, we opened a short position from $ 1.266. And then looked at supports, the strongest of them was at the level of $ 1.238, from where you can safely open a long position. Currently we are seeing the following picture, the price has arrived to our support level, but the zones have shifted by a few cents. Now the strongest level applies to the price range of $ 1,235 - $ 1,238. Meaning that from this level you can enter buy. But you need to be extremely careful, because below this level, the closest support is far enough away that it can provoke the price to hit stop-losses and a large shadow, or a candle downwards. A wise decision would be to open a position above this level after a bounce or a false breakthrough of the level (if it occurs). We also see how the RSI oscillator shows strong bullish convergence, which is also a bullish signal (obviously). I expect the price to descend to the mark of $ 1.235, where RSI will touch its support. The target for long positions are 3 resistance levels: $ 1.2600 - $ 1.2755 - $ 1.2960, they are marked on the chart.