15 February 2021, GBP/USD
Technical observation
On the daily chart above, price has been rising steadily towards a resistance line 1.3981 and right now, it is trading below the line with an increasing bullish bias. I expect this upwards movement to continue to the line mentioned above followed by either a clear break above it with a big green candle, or a bounce at it followed by a pullback to the supportive level 1.3386. If you are currently long with GBP, remain in the trade and pick your profits at 1.3981. However, if you are currently flat with GBP, remain so and wait for either a clear breakout above the line 1.3981, or a retracement to the line 1.3386 to buy GBP.
Trade recommendation
We are bullish with take profit at 1.3981.
One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.
This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.
2 steps to get the Invest-portfolio:
1. Fund your trading account with $50 or more from February 1 to 26, 2021.
2. Send a request to school@freshforex.com with your account number funded.
en 
cn 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 