03 December 2020, GBP/USD
Technical observation
GBP is rising steadily towards the resistance line 1.3478, and I expect either a clear breakout above it with a big green candle, or a rejection at it followed by another correction to the supportive zone 1.3310-1.3298. If you are currently long with this pair, my advice is you remain in the trade with your take profit at the line 1.3479 and stop loss at 1.3234. In case of a break above the level 1.3479, wait for a retracement to it before you continue lone with this pair, and in case of another retracement to the zone mentioned above, re-buy GBP within it after a bounce. I can only recommend bullish positions for the pair above.
Trade recommendation
Remain bullish with your take profit at 1.3479.
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