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Look for long term buy positions towards 1.4525.

Look for long term buy positions towards 1.4525. | 28 May 2021

28 May 2021, GBP/USD

Look for long term buy positions towards 1.4525.

Technical Observation

Yesterday, GBPUSD rallied to the upperside and is now above the upper trendline. While the price remains above the same trendline, we expect a possible rally to the upperside towards 1.4345 and may extend much higher. As it is on this chart, we are expecting a rally much higher. Only buy positions looks idea l and can be recommended. But in case the price breaks below the same trendline, then further rally to the lowerside is expected with an ideal target set at 1.39915.

Trade Recommendations:

Look for long term buy positions towards 1.4525.

Imelda Maseno
Analyst of «FreshForex» company
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