GBPUSD – Flat
Technical observation
On the chart above price is trading with an increasing bullish bias slightly above the supportive zone 1.1774-1.1741 and I expect a loss of this upwards movement followed by a pullback to the zone I have mentioned above, my advice is, remain neutral and wait for a pullback to the zone indicated above then buy a bounce within it with your take profit at 1.2424 and stop-loss at 1.1590. If there is a clear break above the level 1.2424, continue long with this pair after a pullback and a rejection at the broken line, however, should there be a clear break below the zone 1.1774-1.1741, you can expect a possible surge towards the supportive levels 1.1050 and 1.0363.
Trade recommendation
Remain flat.
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