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Look for sell towards 1.21509

Look for sell towards 1.21509 | 22 May 2019

22 May 2019, GBP/USD

Look for sell towards 1.21509

Technical Observation

Gbp is currently around a key weekly support line 1.27413. This is a potential buy place, but since the previous day's candle closed as a bearish pin, I expect a possible decline towards 1.21509, and in case the price bounce off of 1.27413, I expect nothing but a rally towards 1.32965. And on its way to the upper side, the key lines to look for include 1.30585, and 1.3100. And should the price breakout above 1.32965, I expect a steep rise towards 1.39815, and in case of a break higher, we're still upwards.

Trade Signal.

Look for sell towards 1.21509

Imelda Maseno
Analyst of «FreshForex» company
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