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23.07.202114:26 Forex Analysis & Reviews: GBP/USD update for July 23, 2021 - Bullish continuation and potetnial test of 1.3850

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

Exchange Rates 23.07.2021 analysis

GBP/USD has been trading upside this morning due to downside exhaustion and the potential completion of the ABC downside correction.

Trading recommendation:

Watch for potential buying opportunities on the intraday pullbacks with the upside targets at 1,3785 and 1,3850.

Stochastic is showing oversold condition and fresh bull cross, which is sign for the rally....

Key support is set at the price of 1,3720

Petar Jacimovic
Analytical expert of InstaForex
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