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We're buyers towards 1.42140

We're buyers towards 1.42140 | 03 August 2021

03 August 2021, GBP/USD

We're buyers towards 1.42140

Technical Observation

The British pound bounced off from the supportive trendline and is still showing signs of rally much higher. As it is right now, I recommend looking for long term buy position towards the upper trendlione. On the flipside, in case the price breaks below the supportive trendline, then further momentum to the lowerside is expected towards 1.26390 and may extend much lower. As it right now, we are sellers towards the next level 1.22370.

Trade Recommendations:

We're buyers towards 1.42140

Imelda Maseno
Analyst of «FreshForex» company
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