08 April 2020, GBP/USD
Technical observation
On the daily chart above, GBP went up as I had predicted and is still showing signs of rising even further. If you bought this pair within the supportive zone 1.2209-1.2173 after a bounce, remain long with your take profit at 1.2746 and stop loss at 1.1974. In case this take profit is hit and there is a clear breakout above it, continue long with this pair towards the resistance level 1.3312. However, in case there is a clear breakout below the supportive zone 1.2209-1.2173 with a big red candle, wait for correction to the zone and a rejection within it to confirm possible bearish price movements before you sell GBP.
Trade recommendation
Remain long with your take profit at 1.2746.
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