04 Agosto 2021, GBP/USD
Technical Observation
Yesterday, GBPUSD bounced off from the lower trendline and is still headed much higher. While we continue to see price above this line, I expect nothing but rally to the upper side. This is the continuation of a bullish price rally and could see price break above the upper trendline. As it is now, a break below the lower trendline will mean we are continuing to the lower side and should push the price much lower with an ideal target set at 1.30170.
Trade Recommendations:
Buy GBPUSD towards 1.41450.