05 февраля 2020, GBP/USD
Technical observation
On the daily chart above, yesterday price rose but could not reach the level 1.3516, right now it its trading just above the supportive zone 1.2984-1.2948 and I expect either bullish movements towards the line 1.3516, or a decline to the above mentioned zone followed by a clear breakout below it. If you have not picked a position yet, remain neutral, however, if you bought this pair yesterday within the zone 1.2984-1.2948 after a bounce, remain long with your take profit at 1.3516 and stop loss at 1.2821. Short positions can only be expected in case of a clear pentation below the zone 1.2984-1.2948.
Trade recommendation
Remain long your take profit at 1.3516.
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