Today on GBPUSD – Daily and H4 charts support Long trades.

On the Daily chart above, on Wednesday, last week, price broke above a former important resistance level - the most recent Daily swing high @ 1.6240 (which we’ve highlighted using the blue broken line), and as a result, our bullish bias was reinforced. As usual, when a resistance level is broken, it turns to a potential support level, and that is exactly the situation that occurred in the case of the broken 1.6240 resistance (now former resistance): we would observe that, after the Wednesday-break, price moved further upward on Thursday, but retraced on Friday to test the 1.6240 level, which then acted, expectedly, as a support level. The 1.6240 proved to be a strong support as price hit it and bounced back upward to break the previous trading day’s high – Friday’s high @ 1.6355 (not highlighted). Consequently, our bullish bias remains on this currency pair.
Based on the overall scenario, the coast seems clear enough for us to seek Long trade setups on our Hourly charts – supported by the H4 chart.

On the H4 chart above, price has broken the most recent swing high @ 1.6355 (which we've highlighted using the blue broken line) upward. That sustains our bias in favor of an upward price move.
The green horizontal line @ 1.6209 highlights the most recent swing low, and as long as price stays above it - in the absence of any new and higher swing low - our bullish or upward bias remains intact.

However, we still need our Hourly charts – using Fibonacci retracement levels and important support levels – to seek promising areas to take our Long positions. Price pattern on the Hourly must also be forming higher highs and higher lows. Please note that our aim is to buy a dip in today's up-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.