Technical Analysis : GBP/USD 27 May 2021

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

Forex Technical Analysis : GBPUSD 27 May 2021

Forex Technical Analysis : GBPUSD

Date : 27 May 2021

Pivot point : 1.4135

Our preference : short positions below 1.4135 with targets at 1.4090 & 1.4070 in extension.

Alternative scenario : above 1.4135 look for further upside with 1.4155 & 1.4175 as targets.

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

Supports and resistances :

1.4175 **
1.4155 *
1.4135
1.4111 – Last price
1.4090
1.4070 *
1.4050 **

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

Source : Trading Central

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