24 February 2021, GBP/USD
Technical observation
On the weekly chart above, price rose steadily to the resistance line 1.4249 and it is currently trading at it. I expect a loss of this upwards movement at the same lone followed by a retracement to the supportive zone it established at 1.3461-1.3409 and a bounce within it to pick long positions. My advice remain flat and wait for a correction to the zone 1.3461-1.3409 and a bounce within it to buy GBP with your take profit at 1.4249 and stop loss at 1.2922. In case of a clear breakout above the line 1.4249 with a big green candle, you can expect further bullish movements of price towards the level 1.5022.
Trade recommendation
Remain neutral.
One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.
This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.
2 steps to get the Invest-portfolio:
1. Fund your trading account with $50 or more from February 1 to 26, 2021.
2. Send a request to school@freshforex.com with your account number funded.
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 