11 February 2021, GBP/USD
Technical observation
Since it bounced at the supportive zone 1.3461-1.3409, GBP has been trading with an increasing bullish bias and I expect this upwards movement to continue to the resistance level 1.4249 followed by either a breakout above it or a rejection at it. If you are currently long with GBP i would advise you remain in the trade with your take profit at 1.4249 and stop loss at 1.3054. In case of breakout above the line 1.4249 with a big green candle, wait for a correction to it and a bounce confirming further bullish movements of this pair before you continue long towards the upper resistance level 1.5022.
Trade recommendation
Remain long with your take profit at 1.4249.
Trade recommendation
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