27 Desember 2021, GBP/USD
Technical observation
GBP rose and broke above a resistance zone 1.3363-1.3352 with a big green candle; it then went up with another big green candle before declining slightly. Right now price is still trading with an increasing bullish bias however, I expect a loss of this upwards movement followed by a retracement to the just broken zone and bounce within it. My advice, remain flat and wait for a correction to the zone 1.3363-1.3352 then buy a bounce within it with your take profit at 1.3499 and stop loss at 1.3287. In case there is a clear break above the level 1.3499 with a big green candle, I expect the value of this pair to ascend towards the level 1.3685.
Trade recommendation
Wait for a correction to the zone 1.3363-1.3352 to buy GBP.