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Sell a bounce from 1.41914 towards 1.36920.

Sell a bounce from 1.41914 towards 1.36920. | 26 May 2021

26 May 2021, GBP/USD

Sell a bounce from 1.41914 towards 1.36920.

Technical Observation:

The British pound continues to rally below 1.41914. While the price remains below this zone, we will be looking for a possible long term sell position with an ultimate target set at 1.40395. Basically, we are looking for a possible rejection from around the daily resistance level 1.41914. As it is now, we on the sidelines. If you are on this chart right now, we are looking for a possible sell position with our target as set above, a breakout above this level 1.41914, will push the price much higher towards 1.42.

Trade Recommendations:

Sell a bounce from 1.41914 towards 1.36920.

Imelda Maseno
Analyst of «FreshForex» company
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