19 Februari 2021, GBP/USD
Technical observation
GBP is still trading with an increasing bullish momentum above a supportive zone it established at 1.3461-1.3409. I expect this upwards movement to continue to the key level 1.4249 followed by a clear breakout above it for a further surge to the upper side. My advice, if you bought this pair within the zone mentioned above after a bounce, remain in the trade with your take profit at 1.4249 and stop loss at 1.3067. If price hit this take profit and clearly penetrates above it with a big green candle, wait for a retracement to the just broken line and a rejection at it before you buy GBP towards 1.5022.
Trade recommendation
Remain long with your take profit at 1.4249.
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