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Buy a break above 1.42155 towards 1.45.

Buy a break above 1.42155 towards 1.45. | 26 May 2021

26 May 2021, GBP/USD

Wave Analysis

The British pound is currently rallying within a contracting wedge formation. If the price breaks above the upper trendline, then further momentum to the upperside is expected towards 1.42155 and may breakout even higher. If the price breaks above this level , then further momentum to the upperside is expected with an ideal target set at 1.45. And on the otherside, should the price break below the lower trendline, then further momentum to the lowerside is expected with an ideal target at 1.39696.

Trade Recommendations:

Buy a break above 1.42155 towards 1.45.

This is the seventh portfolio developed by FreshForex specialists. Each of the previous six portfolios showed positive results, with a total return of 86.2%.

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Bob Stan
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