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We're buyers towards 1.42470

We're buyers towards 1.42470 | 24 May 2021

24 May 2021, GBP/USD

We're buyers towards 1.42470

Wave Analysis

Earlier today, GBPUSD bounced off from the supportive trendline and is still pretty much bullish both on the daily and on the weekly charts. As it is now, we recommend looking for long term buy positions expecting buyers to push the price to the upperside and may breakout above the upper trendline towards 1.45 or even higher. And in case the price breaks below the lower trendline, then further momentum to the lowerside is expected with an ideal target set at 1.40160 with the next target set at 1.37860.

Trade Recommendations:

We're buyers towards 1.42470

Imelda Maseno
Analyst of «FreshForex» company
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