The GBPUSD gathers the positive momentum - Analysis - 17-02-2021

2021-02-17 05:00:19 GMT (Economies.com)
 

The GBPUSD pair tested the intraday bullish channel’s support line that appears on the chart and settles above it, noticing that stochastic got rid of its negative momentum to reach the oversold areas, which supports the chances of resuming the main bullish trend, which gets continuous support by the EMA50.

 

Therefore, the bullish trend scenario will remain valid for the upcoming period, which targets 1.3965 followed by 1.4070 levels as next main stations, reminding you that it is important to hold above 1.3860 to continue the suggested rise.

 

The expected trading range for today is between 1.3800 support and 1.3990 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0328%
1.3887
-0.0007
0.0504%
Tadawul
10228.35
-26.53
0.26%
27.343
0.824
3.107%
64.781
0.871
1.363%
68.11
-0.84
1.22%
1814.665
25.080
1.401%
 
 
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