08 tháng tư 2021, GBP/USD
Technical observation
GBP declined up to the supportive level 1.3731 but could not break below it. Right now it is rising steadily with an increasing bullish momentum and I expect this upwards movement to continue to the resistance line 1.3793 followed by a bounce at it for a momentum to the lower side. My advice, remain neutral and wait for a correction to the level 1.3793 and a bounce at it to sell GBP with your take profit at 1.3731 and stop loss at 1.3813. Should there be a penetration above the level 1.3793 with a big green candle, wait for a correction to it and a bounce before you pick long positions towards the upper resistance level 1.3864.
Trade recommendation
Remain flat.
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