GBPUSD Market Analysis on Feb 22, 2021

GBPUSD Market Analysis on Feb 22, 2021

GBPUSD broke the 1.3730-1.3750 to go to 1.4050-1.40560 even though the USD has got stronger because US Interest Rate has gone up.

GBP trend is up and it may go further to 1.4300 if it breaks the 1.4050-1.4060 zone. But, it will be sold off to 1.3900 or 1.3750

 

GBP  may make a short term reversal around 1.4050-1.4060 if GBP fails to break the 1.4050 to continue its up trend.

GBPUSD Resistant Zones: 1.4050-1.4060

GBPUSD Support Zones: 1.3890-1.3900, 1.3730-1.3750

Would you like to lean the art of GBPUSD trading? Please Click Here to join the 1000+ members to receive daily GBP, XAU forex signals

Leave a Reply

Your email address will not be published. Required fields are marked *