GBPUSD Analysis and Forex Trading Signals for Feb 3, 2021

GBPUSD Analysis and Forex Trading Signals for Feb 3, 2021

GBPUSD tested the 1.3700-1.3710 and it failed to break this zone to go back to 1.3750-1.3760.

GBPUSD dropped bellow the 1.3700 level which was a strong  GBP sell signal. GBP then sold off heavily from 1.3695 to 1.3611 during New York trading session because USD was getting stronger.

GBPUSD SELL Signal

GBPUSD H1 Closed bellow 1.3700 – Sell Forex Signal

GBPUSD has made a bounce from 1.3611 to 1.3675-1.3680 and it is expected to be consolidating from 1.3730 to 1.3610.

If GBPUSD breaks the 1.3710, GBPUSD short term trend will be up . GBP will go up to test 1.3750 and may for further to 1.3850-1.3900.

If GBPUSD cannot break the 1.3700-1.3710, GBPUSD will be sold off to 1.3610-1.3651 again.

Breaking the 1.3600-1.3610, GBPUSD short term trend will be bearish.

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