GBPUSD Analysis and Forex Trading Signals for Feb 2rd, 2021

GBPUSD Analysis and Forex Trading Signals for Feb 2rd, 2021

The Cable went to 1.3750-1.3755 on Feb 1st and then made a correction to 1.3660-1.3665. However, GBPUSD did not go back to the 1.3730-1.3750 after bad US ISM report ( reported: 58.7 vs Consensus: 60)

GBPUSD is trading around 1.3690-1.3700 during Asian trading session on Feb 2rd, 2021.

GBPUSD 1.3690-1.3700

GBPUSD 1.3690-1.3700

The 1.3690-1.3700 is an important zone to watch for GBPUSD trend, GBPUSD will go to 1.3850-1.3900 if GBPUSD breaks the 1.3690-1.3700 zone successfully.

However, GBPUSD will be sold off heavily to 1.3580-1.3600 or 1.3545 if it cannot break the 1.3690-1.3700

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