We're bullish towards 1.4615. | 19 May 2021

19 May 2021, GBP/USD

We're bullish towards 1.4615.

Technical observation

GBP is rising steadily above the supportive zone 1.3599-1.3661, I expect this upwards movement to continue to the resistance line 1.4615 followed by either a clear breakout above it with a big green candle, or, a bounce at it followed by a correction to the zone mentioned above. If you picked long positions within 1.3599-1.3661, remain bullish with your take profit at 1.4615 and stop loss at 1.3269. In case you are currently neutral with this pair, remain so and wait for either a clear break above the level 1.4615, or, another correction to the zone 1.3599-1.3661 to buy GBP. I can only recommend short positions below the zone 1.3599-1.3661.

Trade recommendation

Remain long with your take profit at 1.4615.

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus