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Farooq

Technical Analysis – GBPUSD _ 21-02-2019

HomeTechnical AnalysisTechnical Analysis – GBPUSD _ 21-02-2019
21
Feb
Technical Analysis – GBPUSD _ 21-02-2019

The pair retraced the end of the US session yesterday after touching its first target at 1.3090 … The possible bullish scenario remains intact with the region of the failure to be revised around 1.2960, and the price could reach its second target at 1.3210 after gathering enough momentum due to saturation signals Which appeared on momentum indicators.

A breach of the 4-hour uptrend line below 1.2960-50 could be enough to end the bullish scenario and then go to support 1.2900 as the first target and then 1.2835 as the second target.


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