29 Diciembre 2020, GBP/USD
Technical observation
The pair on the weekly chart above is trading with an increasing bearish momentum within a supportive zone it established at 1.3461-1.3409, I expect a loss of this downwards movement within the same for a possible rally to the upper side. My advice, buy a bounce within the zone mentioned above with your take profit at the level 1.4249 and stop loss at 1.3128. In case of a break above the line 1.4249 with a big green candle, the value of this pair could plummet further to the upper side to the level 1.5022. As it is on the chart above, only bullish positions look ideal and can be recommended.
Trade recommendation
Buy a bounce within 1.3461-1.3409 with your take profit at 1.4249.
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