26 March 2021, GBP/USD
Technical observation
GBP is trading with an increasing bearish bias above the supportive zone 1.3599-1.3478; I expect a rejection of this bearish movement within the zone for a momentum to the upper side. My advice, remain flat temporarily and wait for a correction to the zone 1.3599-1.3478 and a rejection within it to buy GBP with your take profit at 1.4615 and stop loss at 1.3134. In case of a breakout above the line 1.4615 with a big green candle, wait for a pullback to it and a bounce confirming further bullish movement of price before you continue long with this pair towards the upper resistance level marked at 1.5891.
Trade recommendation
Remain neutral.