GBPUSD – Flat
Technical observation
Since it bounced within the supportive zone 1.2561-1.2541, the value of the pair above has been trading with an increasing bullish bias and today I expect a further momentum to the upper side. In case you picked bullish positions within the zone I have indicated above, I recommend that you remain long with your take profit at 1.3138 and stop-loss at 1.2416, should the price ascend above the level 1.3138, wait for a pullback and a bounce at the broken line before you continue long, on the other hand, if the price declines below the zone 1.2561-1.2541, short this pair towards the supportive levels 1.2181, 1.1804 or lower.
Trade recommendation
Remain bullish with your take profit at 1.3138.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
