17 February 2022, GBP/USD
Technical observation
Yesterday GBP rallied to the upper side and today I expect a continuation of this upwards movement towards the level 1.3658. In case you are currently holding bullish positions with this pair I would advise that you remain in the trade with your take profit at 1.3658 and stop loss at 1.3452. In case of a clear breakout above the key level 1.3658 with a big green candle, wait for a correction to the broken line and a bounce at confirming a possible surge to the upper side before you continue long with this pair. On the other hand if price breaks below the zone 1.3522-1.3510, I expect it to descend towards 1.3371 after a retracement to the broken zone.
Trade recommendation
Remain long with your take profit at 1.3658.
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