05 Abril 2021, GBP/USD
Technical observation
Since its rejection above the supportive zone 1.3599-1.3478, GBP has been trading with an increasing bullish bias and as long as the value of this pair is contained above the zone mentioned above, I expect this upwards movement to continue to the resistance line 1.4615. If you bought GBP above the zone 1.3599-1.3478 after a rejection, remain long with your take profit at 1.4615 and stop loss at 1.3134. Should there be a clear breakout below 1.3599-1.3478 with a big red candle, wait for a correction to it and a bounce confirming a possible rally to the lower side before you pick short positions with your take profit at 1.2011.
Trade recommendation
Remain long with your take profit at 1.4615.
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