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We're still sellers towards 1.39768

We're still sellers towards 1.39768 | 14 May 2021

14 May 2021, GBP/USD

Remain short towards 1.39769.

Wave Analysis
During the past trading day, the British pound pulled back to the upperside but is still below the zone 1.41119 and should not breakout any higher. If you are looking at this chart now, expect a possible rebound from 1.41119 to pick a possible long term sell position with an ultimate target set at 1.39768 and may break below 1.39696 and may extend much lower towards 1.37750. If the price should break above the zone 1.41119, then this will be a good place to consider a possible long term buy position towards 1,42.
Trade Recommendations:
We're still sellers towards 1.39768

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