We're buyers towards 1.42470 | 24 May 2021
24 May 2021, GBP/USD
Wave Analysis
Earlier today, GBPUSD bounced off from the supportive trendline and is still pretty much bullish both on the daily and on the weekly charts. As it is now, we recommend looking for long term buy positions expecting buyers to push the price to the upperside and may breakout above the upper trendline towards 1.45 or even higher. And in case the price breaks below the lower trendline, then further momentum to the lowerside is expected with an ideal target set at 1.40160 with the next target set at 1.37860.
Trade Recommendations:
We're buyers towards 1.42470
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.
