06 Agustus 2020, GBP/USD
Technical observation
GBP is trading with an increasing bullish bias within a resistance zone 1.3130-1.3097 and my expectation is either a clear breakout above the zone 1.3130-1.3097 with a big green candle, or a correction to the supportive zone 1.2627-1.2603. In case of a clear breakout above 1.3130-1.3097, wait for a correction to the just broken zone and a rejection within it to buy GBP with your take profit at 1.3620 and stop loss at 1.2927. Should there be a correction to the supportive zone 1.2627-1.2603, buy GBP within it with your take profit at 1.3097 and stop loss at 1.2420. Right now, remain flat with this pair.
Trade recommendation
Remain flat.