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We are long towards 1.2650

We are long towards 1.2650 | 23 January 2023

23 January 2023, GBP/USD

Technical observation

GBP has been trading with an increasing bullish bias for some time now and today I expect a further surge to the upper side towards the key level 1.2650. My advice, if you are currently holding bullish positions with the pair above, remain in the trade and pick your profits at the resistance level 1.2650. In case of a break above the level1.2650 with a big green candle, wait for a correction and a rejection at it before you continue long towards the upper resistance levels 1.3610 and 1.4376. On the daily chart above, as long a price is sustained above the zone1.1690-1.1623, I can only recommend bullish positions.

Trade recommendation

Remain bullish with your take profit at 1.2650.

Imelda Maseno
Analyst of «FreshForex» company
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