09 апреля 2020, GBP/USD
Technical observation
GBP is stagnating above the supportive zone 1.2290-1.2173 it recently penetrated above with a big green candle. Yesterday we expected bullish movements of price but instead it rose for just some time. Today I still expect further bullish movements towards the key level 1.2746 followed by a possible clear breakout above it. If you bought this pair within the zone 1.2290-1.2173 after a bounce, remain long with your take profit at 1.2746 with your stop loss at 1.1974, however, if you are currently flat, remain so and wait for another correction to the zone 1.2290-1.2173 and a rejection to buy GBP.
Trade recommendation
Remain long with your take profit at 1.2746.
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