Look for a sell towards 1.21509 | 24 May 2019
24 May 2019, GBP/USD
Technical Observation
GBPUSD is currently trading with an increasing bearish bias momentum. While the price is protected from violating the level 1.27413, I expect a drop towards 1.21509. On this chart, the key lines to look for include 1.32965, 1.27413, 1.21509 and 1.23695. Anytime the price approached any of this lines, I expect nothing but a steep fall. If you're not in any sell positions As we speak, we're waiting for a long term sell towards 1.27509, a breakout below this level will push the price even lower.
Trade signal,
Look for a 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.
