19 апреля 2021, GBP/USD
Technical observation
Last week GBP went high as I expected and is still showing signs of rising even higher. Following the clear close above 1.3654, if you went long I would advise you hold on to that position. My expectation is that price should continue rising towards the key level 1.4615 or even higher. As it is on the weekly chart above, only long positions can be recommended towards 1.4615. If you didn’t buy GBP around e key level 1.3654, wait for a minor pullback to the lower side to the supportive zone 1.3654-1.3599 and a rejection within it to pick long positions. I can only recommend short positions below the zone 1.3654-1.3599.
Trade recommendation
Remain long with your take profit at 1.4615.
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