GBPUSD – Flat
Technical observation
GBP trading with an increasing bullish bias between the supportive zone 1.1690-1.1623 and a resistance level 1.2650, my expectation is a loss of this upwards movement followed by a correction to the zone indicated above. Right now as it is on the chart above, I recommend that you remain neutral and wait for a correction to the zone 1.1690-1.1623 then buy a bounce within it with your take profit at 1.2650 and stop-loss at 1.1161, In case of a clear break above the level 1.2650, wait for a pullback and a bounce at it before you continue long with this pair towards the upper resistance level 1.3610 or even higher to the level 1.4376.
Trade recommendation
Remain flat.
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