To open long positions on GBPUSD, you need: In my Morning forecast, I paid attention to the level of 1.2752 and recommended opening long positions from it when this range is broken. If you look at the 5-minute chart, you will see how the bulls easily got above this range and then held it when the price fell to this area from the top down, which formed a fairly good signal to buy the pound. However, more than 35 points of the upward movement could not be snatched from the market, which led to the departure of buyers and the pair hovering around the level of 1.2752. At the moment, the entire focus of the bulls will be shifted to the new resistance of 1.2773, which was formed after all the morning manipulations. Only weak inflation data and a wait-and-see position of the Fed with nondescript prospects for economic recovery in the 3rd quarter of this year will lead to a breakout and consolidation above the resistance of 1.2773, which will strengthen the upward momentum in the pound and open a direct path to the highs of 1.2840 and 1.2906, where I recommend fixing the profits. If the bulls fail to overcome...

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