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Buy GBPUSD towards 1.41450.

Buy GBPUSD towards 1.41450. | 04 August 2021

04 August 2021, GBP/USD

Buy GBPUSD towards 1.41450.

Technical Observation

Yesterday, GBPUSD bounced off from the lower trendline and is still headed much higher. While we continue to see price above this line, I expect nothing but rally to the upper side. This is the continuation of a bullish price rally and could see price break above the upper trendline. As it is now, a break below the lower trendline will mean we are continuing to the lower side and should push the price much lower with an ideal target set at 1.30170.

Trade Recommendations:

Buy GBPUSD towards 1.41450.

Imelda Maseno
Analyst of «FreshForex» company
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