GBPUSD: Highly Probable +1400 Pips Trading Setup! British Pound/US DollarFX:GBPUSDSetupsfx_Dear Traders, đGBPUSD has shown strong bullish momentum, with price action indicating upward pushes. However, caution is advised as temporary pullbacks are possible before sustained rallies resume. The pairâs movement is influenced by the US Dollar Index (DXY), which is showing signs of potential weakness. This supports the bullish outlook for GBPUSD. đCurrently, the pair is in a bullish trend with temporary corrective dips expected. Thereâs a safe entry area for buyers around the âblue markedâ arrow. Three profit targets are marked, each for partial or full profit-taking. Avoid early entries near the âred markedâ arrow area, as it carries higher risk. Instead, prefer entries after the price breaks above the trend line, confirms liquidity absorption, and retests the breakout zone. đFurthermore, the US Dollar Index (DXY) is likely to decline due to upcoming economic data and market sentiment, which will favour GBP strength. The UK economic outlook is positive, supporting Sterlingâs resilience. However, US economic uncertainty, with slowing growth and potential interest rate adjustments, may further pressure the dollar. đFinally, wait for the price to revisit the âblue markedâ support for a safer entry opportunity. Enter long positions after the trend line breaks and retests confirmation. Aim for the three defined targets, scaling out positions progressively. Maintain disciplined risk management throughout. If you enjoy our work, please like and comment on the post. Your support means the world to us and encourages us to share more educational trading setups. If youâd like us to analyse any other trading plans, please comment below, and weâll analyse them as soon as possible. đâ¤ď¸ â ď¸Disclaimerâ ď¸ This is not financial advice and is only for educational purposes. Please do your own research and make decisions based on your own knowledge and chart analysis. Financial markets can lead to serious losses, so have a thorough trading plan and risk management strategy. Thank youâ¤ď¸ Team Setupsfx_