21 Oktober 2020, GBP/USD
Technical observation
On the chart above, price broke above a resistance zone 1.2956-1.2952 and I still trading with an incr4easing bullish momentum. However, I expect a correction to the just broken zone followed by a rejection within it to buy GBP towards the key level 1.3007. Should price break above the zone 1.3013-1.3007 with a big green candle, you can anticipate a further rise towards the level 1.3068 after a correction to the just broken zone followed by a clear bounce within it. Right now as it is on the chart above, wait for a correction to the zone 1.2956-1.2952 and a rejection within it to buy GBP.
Trade recommendation
Wait for a correction to 1.2956-1.2952 to buy GBP with your take profit at 1.3007.