Wait and sell a rebound from 1.37998 towards 1.37620. | 16 April 2021
16 April 2021, GBP/USD
Technical Observation
GBPUSD is currently approaching a resistance zone 1.37990-1.37951. While the price does not clearly breakout and close above this zone, we are waiting for a possible rebound rebound from this zone to pick a possible sell position. And should the price breakout above 1.37998, then we will wait for signs that the price will sustain itself above this zone to pick a possible long term buy position towards 1.38250, a breakout above this level may mean we are heading even further towards 1.39.
Trade Recommendations:
Wait and sell a rebound from 1.37998 towards 1.37620.
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.
