12 April 2019, GBP/USD
Technical observation
On the weekly chart above, GBP has been rising towards the key zone 1.3425-1.3313, I expect a close of this candle below the zone followed by further bullish rally towards the above mentioned zone next week and a rejection within it for downwards movement if price. Remain flat and wait for the correction to 1.3425-1.3313 and a rejection within it to sell GBP with your take profit at 1.2153 and stop loss at 1.3929, should there be no rejection within zone 1.3425-1.3313 but a clear breach above it with a big green candle, bullish price rally towards the key level 1.4615 can be expected after a correction to the just broken zone.
Trade recommendation
Remain neutral.
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