GBP/USD Market Analysis for May 21, 2026
The Pound showed a precise reaction to the previously identified levels yesterday, reaching the 1/2 margin zone. I remain sidelined for now as the current setup is ambiguous. For the pair to extend its bullish momentum, it must clear both the 1/2 zone and the 1.3480 resistance area.
Therefore, should we see an upside spike, it would be logical to look for short positions near the 1.3480 level with a stop-loss placed above. If we consolidate above this mark, we will pivot to a bullish margin cycle with targets set at 1.3600.