Wait and a buy a break above thye upper trendline. | 31 May 2021
31 May 2021, GBP/USD
Technical Observation
Last week, we saw a surge to the upperside, however, GBPUSD failed to break above the upper trendline. As it is now, we are looking for a possible rally much higher. Ideally, we want to see a breakout above the upper trendline to push the price much higher with the next ideal target set at 1.43230. A breakout above this level will push the price much higher. If you are looking at this chart right now, keep looking for possible buy positions. However, wait for a break above the upper trendline to pick a possible buy position.
Trade Recommendations:
Wait and a buy a break above the upper trendline.
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.
