We're buyers towards 1.42140 | 03 August 2021
03 August 2021, GBP/USD
Technical Observation
The British pound bounced off from the supportive trendline and is still showing signs of rally much higher. As it is right now, I recommend looking for long term buy position towards the upper trendlione. On the flipside, in case the price breaks below the supportive trendline, then further momentum to the lowerside is expected towards 1.26390 and may extend much lower. As it right now, we are sellers towards the next level 1.22370.
Trade Recommendations:
We're buyers towards 1.42140
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.
