Buy GBPUSD towards 1.41450. | 04 August 2021
04 August 2021, GBP/USD
Technical Observation
Yesterday, GBPUSD bounced off from the lower trendline and is still headed much higher. While we continue to see price above this line, I expect nothing but rally to the upper side. This is the continuation of a bullish price rally and could see price break above the upper trendline. As it is now, a break below the lower trendline will mean we are continuing to the lower side and should push the price much lower with an ideal target set at 1.30170.
Trade Recommendations:
Buy GBPUSD towards 1.41450.
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.
