Remain long | 21 March 2019

Technical observation

Following the penetration above the resistance zone 1.3187-1.3174, GBP corrected to the broken zone thrice and was contained above it. Yesterday, price retraced to the zone and was rejected before rising, GBP is currently moving upwards and I expect more of this rally towards the key line 1.3379 followed by a possible breakout above it. In case you bought this pair yesterday within 1.3187-1.3174 after a bounce, remain long with your take profit at 1.3379 and stop loss at 1.3122, however, if you are not in a trade yet, wait for another pullback to 1.3187-1.3174 and a clear rejection within it to sell this pair.

Trade recommendation

Remain long with your take profit at 1.3379 and stop loss at 1.3122.