10 Februari 2022, GBP/USD
Technical observation
On the chart above the value of the previous candle declined as I had predicted and today I expect it to surge further downwards. If you sold GBP within the zone 1.3610-1.3582, remain short with your take profit at 1.3157 and stop loss at 1.3744. Should there be a clear breakout below the supportive level 1.3157 with a big red candle, I expect the value of this pair to plummet further towards the level 1.2688. If GBP is not contained below the zone 1.3610-1.3582 but clearly breaks above it with a big green candle, wait for a retracement to the broken zone then buy a bounce within it with your take profit at 1.3966.
Trade recommendation
Remain short with your take profit at 1.3157.