Remain long | 29 July 2021
29 July 2021, GBP/USD
Technical Observation:
the British pound is currently in an active up trendline. While the price remains within the rising channel formation, we are expecting further momentum to the upper side, ideally, we are waiting for a pullback towards the lower trendline to pick a low risk buy position. In case the price breaks below the lower trendline, then we will be looking for long term sell positions. And in case the price breaks above the upper trendline, then we are likely to continue much higher towards 1.41.
Trade Recommendations:
Remain long
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.
