19 May 2021, GBP/USD
Weekly Review
Just as previously anticipated, yesterday, the British pound rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. According to the current chart's structure and set up, we are in an active up trend. Basically, we are looking for long term buy positions with our target set along the highest red line shown above 1.43. If the price should break and close above this level, then further momentum to the upperside is expected. However, should the price bounce off from it, then we will be looking for a sell position.
Trade Recommendations:
Still holding onto a buy towards 1.43.
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