07 April 2022, GBP/USD
Technical observation
On the chart above price pulled back to a zone it established at 1.3166-1.3173 then bounced at it before declining to the supportive level 1.3057. I expect either a rejection of price at the line 1.3057 or a clear breakout below it followed by a further surge to the lower side. In case of a rejection at the line 1.3057, wait for another correction to the zone mentioned above to re-sell GBP with your take profit at 1.3057 and stop-loss at 1.3208. In case of a clear break above the zone 1.3166-1.3173 with a big green candle, pick long positions after a second retracement to the same zone with your take profit at the resistance level 1.3288.
Trade recommendation
Remain neutral.
en 
cn 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 