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Sell GBPUSD from around 1.37320-1.37251 towards 1.36455.

Sell GBPUSD from around 1.37320-1.37251 towards 1.36455. | 12 April 2021

12 April 2021, GBP/USD

Sell GBPUSD from around 1.37320-1.37251 towards 1.36455.

Technical Observation

During the previous trading day, Nothing much happened on the British pound, Currently, GBPUSD rallied to the upperside and is now below 1.37320-1.37251. While the price remains below this zone, we are looking for long term sell positions towards 1.36660 towards 1.36455. And should the price break above 1.37320, then this will mean we are continuing to the upperside with an ideal target set at 1.37690 and could breakout above 1.38163 towards 1.39135 towards 1.40.

Trade Recommendations:

Sell GBPUSD from around 1.37320-1.37251 towards 1.36455.

Imelda Maseno
Analyst of «FreshForex» company
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