26 Mei 2021, GBP/USD
Technical Observation:
The British pound continues to rally below 1.41914. While the price remains below this zone, we will be looking for a possible long term sell position with an ultimate target set at 1.40395. Basically, we are looking for a possible rejection from around the daily resistance level 1.41914. As it is now, we on the sidelines. If you are on this chart right now, we are looking for a possible sell position with our target as set above, a breakout above this level 1.41914, will push the price much higher towards 1.42.
Trade Recommendations:
Sell a bounce from 1.41914 towards 1.36920.