Remain bullish towards 1.4615 | 22 April 2021

22 April 2021, GBP/USD

Remain bullish towards 1.4615

Technical observation

Last week GBP went up with a big green candle and it is still showing signs of rising even further, my expectation for this pair is an increase in price towards the resistance level 1.4615 followed by either a clear penetration above it with a big green candle, or another retracement to the supportive zone 1.3599-1.3512. In case you bought this pair within the zone mentioned above after a bounce, remain long with your take profit at 1.4615 and stop loss at 1.3189. If price breaks below 1.3599-1.3512 with a big red candle, I expect bearish movements towards the supportive level 1.2565 or even lower to key level 1.1403.

Trade recommendation

Remain long with your take profit at 1.4615.

Imelda Maseno
Analyst of «FreshForex» company
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