27 апреля 2020, GBP/USD
Technical observation
GBP is trading above the supportive zone it established around 1.2209-1.2173 with an increasing bullish momentum. I expect this bullish price rally to continue towards the resistance zone 1.2770-1.2746 followed by a clear breakout above it with a big green candle. If you bought this pair within the zone 1.2209-1.2173 after a bounce, remain long with your take profit at 1.2746 and stop loss at 1.1974. Continue long with this pair towards the level 1.3312 in case there is a clear penetration above the zone 1.2770-1.2746, followed by a correction to it. Short position can only be advisable below 1.2209-1.2173.
Trade recommendation
Remain long towards 1.2746.
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