17 Julio 2023, GBP/USD
Technical observation
GBP retraced to the supportive zone 1.2669-1.2609 then bounced within it and currently it is trading with an increasing bullish bias. Today I expect a continuation of this upwards movement towards the key level 1.3610 and my advice is remain neutral and wait for a second pullback to the zone I mentioned earlier then buy a bounce within it with your take profit at 1.3610 and stop-loss at 1.2322, in case of a rise above the level 1.3610, continue long with this pair towards the level 1.4376 or higher. As it is on the daily chart above, as long as the value of GBP is contained above the zone 1.2669-1.2609, I can only recommend bullish positions.
Trade recommendation
Wait for a pullback to the zone 1.2669-1.2609 to buy GBP.
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