16 Febrero 2022, GBP/USD
Technical observation
Last week I predicted a possible surge in the value of the pair on the chart above to the upper side, however since the beginning of the week GBP has been trading with an increasing bearish and could close bearish. The current bearish movement is a correction to the supportive zone price established at 1.3435-1.3354 and I expect a rejection within it followed by a rally to the upper side. If you are currently flat with this pair, I would advise that you remain neutral and wait for a pullback to the zone mentioned above then pick long positions within it after a bounce with your take profit at 1.4239 and stop loss at 1.3953.
Trade recommendation
Remain flat.
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