10 Junio 2021, GBP/USD
Technical observation
GBP is pulling back to a supportive zone 1.4093-1.4082, I expect it to be sustained above the zone for a momentum to the upper side, however there is a still a possibility of a clear breakout below the same zone with a big red candle, if this is the case, I expect price to plummet to the lower side towards the supportive level 1.4082 and in this case, I would advise you wait for a retracement to the just broken zone and a rejection within it before you sell GBP. Right now as it is on the chart above, wait for a correction to the zone 1.4093-1.4982 and a pick long positions within it after a bounce with your take profit at 1.4233 and stop loss at 1.4028.
Trade recommendation
Buy a bounce within 1.4093-1.4082 with your take profit at 1.4233.
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