GBPUSD – Flat
Technical observation
GBP pulled back to the supportive zone 1.2636-1.2582 for a second time then bounced within it; Yesterday the price rose with a big green candle and today I expect a continuation of this upwards movement. If you bought this pair within the zone I mentioned above, I recommend that you remain in the trade with your take profit at 1.3610 and stop-loss at 1.2251, In case of a rise above the level 1.3610 I recommend that you wait for a retracement to the broken line before you continue long, however, if the price breaks below the zone 1.2636-1.2582, short GBP towards the supportive level 1.1688 and 1.0363.
Trade recommendation
Remain long with your take profit at 1.3610.
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