25 Mei 2021, GBP/USD
Technical Observertion
Earlier today, the British pound rallied to the upperside but is still very much bullish. As it is now, we are waiting for a clear breakout above 1.42328 to pick a possible long term buy order with my target set at 1.45 and may extend much higher. And should the price break below the 23.6% fib level, then I will expect further rally to the lowerside towards 50.0% fib level which will act as a good place to consider a possible long term buy position with an ideal target set at 1.42326.
Trade Recommendations:
Wait for a rebuy from 50.0% fib level towards 1.42328.