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.