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May 27, 2021 at 04:17PM
• GBPUSD reversed from support area
• Likely to rise to resistance level 1.4245
GBPUSD currency pair previously reversed up from the support area lying between the support level 1.4095 and the 38.2% Fibonacci correction of the upward impulse from the start of May.
The upward reversal form this support area started active minor impulse wave (iii) – which belongs to the higher order impulse waves 3 and (3)..
GBPUSD currency pair can then be expected to rise further toward the next resistance level 1.4245 (which stopped the sharp uptrend in February).
From: The FxPro News Team https://fxpro.news/technical-analysis/gbpusd-wave-analysis-27-may-2021-20210527/
Selected by fonecable.com
Search Web: GBPUSD Wave Analysis – 27 May, 2021
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