24 Diciembre 2021, GBP/USD
Technical observation
Yesterday GBP did not decline as I had predicted, instead price went up and broke above the resistance zone 1.3361-1.3352, it then continued to rally upwards triggering our stop loss. Currently this pair is trading with an increasing bullish bias between the zone mentioned above and a resistance level 1.3496, however, I expect a loss of this upwards movement s followed by a correction to the zone 1.3361-1.3352 and a rejection within it to pick long positions. As long as the value of the pair on the 4 hour chart above is sustained above the zone 1.3361-1.3352, I can only recommend bullish positions. Right now remaining neutral is ideal than picking any positions.
Trade recommendation
Remain flat.
en 
id 
ar 
ru 
vn 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 