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Farooq

Technical Analysis – GBPUSD _ 22-02-2019

HomeTechnical AnalysisTechnical Analysis – GBPUSD _ 22-02-2019
22
Feb
Technical Analysis – GBPUSD _ 22-02-2019

The pair is moving sideways around the uptrend line shown on the four-hour time frame and below its first target at 1.3090 in an attempt to gain momentum …
The possible bullish scenario remains intact as long as the pair remains above 1.2960, and the price could reach the second target at 1.3210.
A break of the 4-hour downtrend below 1.2960-50 might be enough to end the upside scenario and could then head to 1.2900 as the first target and then 1.2835 as the second target.


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