Wait for a second correction to the zone 1.2669-1.2609 | 29 June 2023

Technical observation

On the chart above, GBP rose above the zone 1.2669-1.2609 then pulled back to it and it was contained above the same zone, right now it is trading with an increasing bullish bias and I expect the price to ascend even further. My advice, remain neutral and wait for a second correction to the zone i have mentioned above confirming a clear break out before you pick bullish positions with your take profit at 1.3610 and stop-loss at 1.2323. If there is a clear breakout above the level 1.3610 with a big green candle, I expect the value of this pair to ascend even further after a pullback and a bounce at the broken line,

Trade recommendation

Remain neutral.