07 Abril 2021, GBP/USD
Technical observations
Last week GBP rallied upwards and I still expect it increase further to the key level 1.4615. If you are currently long with this pair, remain in the trade with your take profit at 1.4615 and stop loss at 1.3182. Should there be a clear breakout above the line 1.4615 with a big green candle, you can anticipate a further momentum to the upper side after retracement to the just broken line. In case of a breakout below the zone 1.3599-1.3478 with a big red candle, wait for a correction to it and a rejection confirming a possible surge to the lower side before you pick short positions towards the supportive level 1.2011.
Trade recommendation
Remain long with your take profit at 1.4615.
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