Technical Analysis : GBP/USD 17 May 2021

17 May 2021 Analysis (Forex, CFDs, Cryptocurrency)Currency PairsGBP/USD

Forex Technical Analysis : GBPUSD 17 May 2021

Forex Technical Analysis : GBPUSD

Date : 17 May 2021

Pivot point : 1.4070

Our preference : long positions above 1.4070 with targets at 1.4105 & 1.4125 in extension.

Alternative scenario : below 1.4070 look for further downside with 1.4050 & 1.4035 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1.4145 **
1.4125 *
1.4105
1.4085 – Last price
1.4070
1.4050 *
1.4035 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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