We're sellers towards 1.2495. | 11 May 2023
11 May 2023, GBP/USD
On the British pound chart, as long as the price remains below the upper trendline, we are looking for nothing but a possible rally to the lowerside. The idea on this chart is to keep looking for low risk sell positions expecting a possible accelleration towards 1.2495 and may see the price rally much lower. On the flipside, should the price rebound from the upper level 1.2650. Then this will be a good place to consider a sell position.
Trade Recommendations:
We're sellers towards 1.2495.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
