27 Octubre 2021, GBP/USD
Technical observation
Since it bounced within the supportive zone 1.3661-1.3599, GBP has been trading with an increasing bullish bias and I expect a steady continuation of this upwards movement to the level 1.4615 followed by a either a clear breakout above it with a big green candle, or a rejection at it followed by another retracement to the zone I have mentioned above. If you are currently bullish with this pair, remain in the trade with your take profit at 1.4615 and stop loss at 1.3326. In case of a clear break above the level 1.4615 with a big green candle, I expect a further momentum to the upper side, however, if price breaks below the zone 1.3661-1.3599 with a big red candle, expect to descend to the level 1.2565.
Trade recommendation
Remain long with your take profit at 1.4615.
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