We're sellers towards 1.40296. | 27 May 2021
27 May 2021, GBP/USD
Technical Observation
Yesterday, GBPUSD rallied to the lowerside and is still pretty much bearish. As it is now, we are looking for a possible long term sell position with my target set at 1.40296. On its way to the lowerside, the key levels to look for include 1.40995, 1.40500 and may breakout even lower. On the upperside, should the price break above 1.41375, then this will be a good place to consider a possible long term buy position with an ideal target set at 1.41985 and may extend much higher.
Trade Recommendations:
We're sellers towards 1.40296.
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.
