28 December 2021, GBP/USD
Technical observation
On the daily chart is above price is trading with an increasing bullish bias below the resistance zone it established at 1.3568-1.3564, I expect a continuation of this upwards to the same zone followed by a bounce within it to short GBP with my take profit at 1.3192 and stop loss at 1.3683. In case of a clear breakout below the supportive level 1.3192 with a big red candle, further bearish movements towards the level 1.2854 can be anticipated on the other hand in case of a clear break above the zone 1.3568-1.3564 with a big green candle, I expect the value of this pair to surge towards the upper resistance level 1.3982.
Trade recommendation
Remain flat temporarily.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 