17 September 2020, GBP/USD
Technical observation
GBP is still trading with an increasing bullish bias above a supportive line 1.2695. I expect this upwards rally to continue to the resistance zone 1.3461-1.3401 followed by a clear break above it for further bullish movements of price. If you bought GBP at the support 1.2695 after a bounce, remain long with your take profit at 1.3401 and stop loss at 1.2342. In case of a break above the zone 1.3461-1.3401 with a big green candle, wait for a pullback to the just broken zone and a bounce within it confirming further bullish movements of price before you continue long with this pair towards the line 1.4249.
Trade recommendation
Remain bullish with your take profit at 1.3401.