10 Maret 2021, GBP/USD
Technical observation
On the weekly chart above price is trading above a supportive zone 1.3599-1.3478, this week it has been increasing to the upper side, however, I expect a rally to the zone mentioned above and a rejection within it to pick long positions . My advice, wait for a correction to the zone 1.3599-1.3478 to buy GBP with your take profit at 1.4615 and stop loss at 1.2913. Should there be a clear break above the line 1.4615 with a big green candle, expect an increase in the value of this pair towards the upper resistance line 1.5891.
Trade recommendation
Wait for a correction to 1.3599-1.3478 to buy GBP.