GBPUSD Weekly Chart

Price broke MA50 (blue line) and reached the strong resistance level 1.3000. MACD and DMI confirm up movement and we can suspect that the resistance level will be broken too. If so, on the daily and 4H charts we'll have to search entry levels for long trades. Stop orders should be placed below 1.3000 and take-profit orders at MA100 (yellow line). If price bounces from 1.3000 and RSI confirms price reversal, we'll have to wait for MACD and ADX reversals. After that we'll be able to sell with profit target at 1.2500 and 1.2000 levels. Open short trades based on W, D and 4H charts.