The GBPUSD approaches the target - Analysis - 16-02-2021

2021-02-16 05:11:59 GMT (Economies.com)
 

The GBPUSD pair rallies upwards again to reach the thresholds of the waited target at 1.3965, reinforcing the expectations of continuing the main bullish trend, reminding you that surpassing this level will extend the bullish wave to reach 1.4070 followed by 1.4145 levels as next targets.

 

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, noting that holding above 1.3860 represents the first condition to continue the suggested bullish wave.

 

The expected trading range for today is between 1.3880 support and 1.4040 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0324%
1.3891
-0.0003
0.0223%
Tadawul
10228.35
-26.53
0.26%
27.320
0.801
3.022%
64.714
0.804
1.258%
68.16
-0.79
1.15%
1813.740
24.155
1.350%
 
 
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