GBP/USD forecast Pound Dollar on May 21, 2021

Currency pair GBP/USD is trading at 1.4113. Quotes of the pair are trading below the moving average with a period of 55. This indicates the presence of a bullishtrend for the pair Pound/Dollar. At the moment, the quotes of the pair are moving near the middle border of the Bollinger Bands indicator bars.

GBP/USD forecast Pound Dollar on May 21, 2021

As part of the forecast, the Pound/Dollar pair is expected to test the level of 1.4080. Where can we expect to try to continue the growth of the GBP/USD pair and the further development of the upward trend. The purpose of this movement is the area near the level of 1.4250. The conservative buying area for the GBP/USD pair is located near the lower border of the Bollinger Bands indicator bars at 1.4070.

GBP/USD forecast Pound Dollar on May 21, 2021

Cancellation of the option to continue the growth of the Pound/Dollar pair will be a breakdown of the area of ​​the lower border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and closing of quotations of the pair below the 1.3900 area. This will indicate a change in the current trend in favor of the bearish for GBP/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of growth.

GBP/USD forecast Pound Dollar on May 21, 2021 implies a test level of 1.4080. Further growth is expected to continue to the area above the level of 1.4250. The conservative area for buying is located area of ​​1.4070. The cancellation of the growth option for the GBP/USD pair will be the breakdown of the level of 1.3900. In this case, we should expect a continuation of the fall.


Best Forex Brokers

Share This Post

Post Comment