01 Tháng mười hai 2021, GBP/USD
Technical observation
GBP declined to the supportive level 1.3231 as i had expected and it did not break below it, price bounced at the line and is currently retracing to the resistance zone 1.3356-1.3362. I expect a loss of this upwards movement within the same zone followed by a surge to the lower side. My advice, remain neutral and wait for a correction to the zone 1.3356-1.3362 then sell a bounce within it with your take profit at 1.3231 and stop loss at 1.3395. In case of a clear breakout above the zone mentioned above with a big green candle, I expect the value of this pair to plummet to the resistance level 1.3509 after a correction to the broken zone.
Trade recommendation
Remain flat.
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