10 Februari 2021, GBP/USD
Technical observation
GBP is still trading with an increasing bullish momentum within the channel indicated on the chart above and I expect this upwards movement to continue to the upper trend line 57584 followed by either a clear breakout above it with a big green candle or a bounce at it for another retracement to the line 57574. If you bought GBP at 57574, My Advice, remain long with this pair for some time and pick your profits at 57584. In case of a breakout below the lower trend line with a big red candle, you can anticipate a possible surge to the lower side towards the supportive level indicated at 1.3386.
Trade recommendation
Remain bullish with your take profit at 57585.
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