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Wait and a buy a break above thye upper trendline.

Wait and a buy a break above thye upper trendline. | 31 May 2021

31 May 2021, GBP/USD

Wait and a buy a break above thye upper trendline.

Technical Observation

Last week, we saw a surge to the upperside, however, GBPUSD failed to break above the upper trendline. As it is now, we are looking for a possible rally much higher. Ideally, we want to see a breakout above the upper trendline to push the price much higher with the next ideal target set at 1.43230. A breakout above this level will push the price much higher. If you are looking at this chart right now, keep looking for possible buy positions. However, wait for a break above the upper trendline to pick a possible buy position.

Trade Recommendations:

Wait and a buy a break above the upper trendline.

Imelda Maseno
Analyst of «FreshForex» company
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