Wait | 01 June 2021
01 June 2021, GBP/USD
Technical Observation
GBPUSD continues to gain value to the upperside. As it is on the daily chart shown above, we are in an up trend. We're waiting for a bounce from the upper trendline to pick a sell or a rebound from the lower trendline to pick a buy. If the price should break and close below the lower trendline, then this will mean we are continuing to the lowerside with the first target set at 1.40640 and the next target at 1.39964. Should the price again descend below 1.39964, then we will be looking for sell orders towards 1.38640.
Trade Recommendations:
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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.
