Sell a bounce from 1.41914 towards 1.36920. | 26 May 2021
26 May 2021, GBP/USD
Technical Observation:
The British pound continues to rally below 1.41914. While the price remains below this zone, we will be looking for a possible long term sell position with an ultimate target set at 1.40395. Basically, we are looking for a possible rejection from around the daily resistance level 1.41914. As it is now, we on the sidelines. If you are on this chart right now, we are looking for a possible sell position with our target as set above, a breakout above this level 1.41914, will push the price much higher towards 1.42.
Trade Recommendations:
Sell a bounce from 1.41914 towards 1.36920.
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.
