Wait | 31 May 2021
31 May 2021, GBP/USD
Wave Analysis
The British pound is still struggling below the level 1.42155. If the price can break and close above 1.42155, then this will be a good place to pick a possible long term buy position. In case the price rebound from the same level, then this will be a good place to consider a possible long term sell position with an ideal target set at 1.39696. On its way to the lowerside, the key levels to look for include 1.41530, 1.40205 and 1.39875. If the price breaks above 1.42155, then this will mean we are continuing to the upperside.
Trade Recommendations:
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
