Buy GBP within 1.3599-1.3478 | 10 March 2021
10 March 2021, GBP/USD
Technical observation
On the weekly chart above price is trading above a supportive zone 1.3599-1.3478, this week it has been increasing to the upper side, however, I expect a rally to the zone mentioned above and a rejection within it to pick long positions . My advice, wait for a correction to the zone 1.3599-1.3478 to buy GBP with your take profit at 1.4615 and stop loss at 1.2913. Should there be a clear break above the line 1.4615 with a big green candle, expect an increase in the value of this pair towards the upper resistance line 1.5891.
Trade recommendation
Wait for a correction to 1.3599-1.3478 to buy GBP.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
