Buy a bounce at 1.3336 | 22 December 2020

Technical observation

On the daily chart above, price broke above a key level 1.3336 with a big green candle then retraced to it once but was contained above it. This pair is again pulling back to the same level and I expect a clear bounce at it for a possible surge to the upper side. My advice, wait for a correction to the line 1.3336 and a bounce at it to buy GBP with your take profit at 1.3759 and stop loss at 1.3134. In case of a break above 1.3804 with a big green candle, wait for a correction to the same line before you continue long with this pair towards the key level 1.4265. Only bullish positions are ideal on the chart above.

Trade recommendation

Buy a bounce at 1.3336 with your take profit at 1.3759.