24 April 2020, GBP/USD
Technical observation
GBP continues to rise steadily towards the resistance zone it established around 1.2770-1.2746 and I expect further bullish price movements today. If you bought this pair within the supportive zone 1.2209-1.2173 after a bounce, remain long with your take profit at 1.2746 and stop loss at 1.1978. In case you are not in a trade yet and is currently neutral, remain flat and wait for either another correction to the zone 1.2209-1.2173 followed by a bounce within it to buy GBP or a breach above the zone 1.2770-1.2746 and a correction to it to buy this pair. Only long positions look ideal and can be advisable on the chart above.
Trade recommendation
Remain long with your take profit at 1.2746.