Look for sell towards 1.21509 | 22 May 2019
22 May 2019, GBP/USD
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
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.
