Forex

The GBPUSD continues to rise - Analysis - 23-02-2021

2021-02-23 04:55:50 GMT (Economies.com)

The GBPUSD pair provided clear positive trades to approach 1.4100 level, reinforcing the expectations of continuing the main bullish trend, which targets 1.4200 as a next main station.

 

The EMA50 keeps supporting the price from below, to support the chances of achieving more gains in the upcoming period, taking into consideration that holding above 1.4000 is important to continue the expected rise.

 

The expected trading range for today is between 1.4000 support and 1.4170 resistance.

 

The expected trend for today: Bullish

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