27 November 2020, GBP/USD
Technical observation
Following its rejection at the supportive level 1.3310, GBP has been trading with an increasing bullish bias and I expect this upwards movement to continue to the resistance line 1.3478 followed by a possible penetration above it with a big green candle. If you picked long positions at the line 1.3310 after a rejection, remain in the trade with your take profit at 1.3478 and stop loss at 1.3262. Should there be a clear breach below the level 1.3310, you can expect the value of this pair to plummet to the lower side; however, as long as it is contained above the same line you can only expect bullish movements of price.
Trade recommendation
Remain bullish with your take profit at 1.3478.
en 
cn 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 