29 апреля 2020, GBP/USD
Technical observation
GBP is trading with an upward trend above a supportive zone 1.2406-1.2400 with an increasing bullish momentum. If you bought GBP within the zone mentioned above after a rejection, remain long with your take profit at 1.2581 and stop loss at 1.2361. In case price hit this take profit and there is a clear breakout above it with a big green candle, continue long with this pair towards the resistance line1.2642. However, in case of a clear breakout below the supportive zone 1.2406-1.2400 with a big red candle and a correction to it, we expect possible bearish price movements towards the level 1.2306.
Trade recommendation
Remain long with your take profit at 1.2581.
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