GBPUSD Daily Forecast Feb 20 2020

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GBPUSD: Sees Pullback Threats Below 1.2970 Levels…

As long as 1.2970 resistance holds on a daily closing basis. The GBPUSD sees a pullback threat with risk to 1.2910 level ahead of 1.2840 level. A halt is likely, it may test 1.2910 before attempts to break lower. Anyway; below 1.2840 aims the 1.2790 level, further down, support comes in the 1.2710 levels.

On the upside, immediate resistance comes in the 1.2910 levels. Above 1.2910 sees limited recovery below 1.2970 where another fall is likely.

In conclusion: The GBPUSD sees fall threats below 1.2970 levels…

Support: 1.2840, 1.2790, 1.2710, 1.2625, 1.2565

Resistance: 1.2910, 1.2970, 1.3090, 1.3150, 1.3210

GBPUSD Daily Forecast Feb 20 2020

MARKET DATA

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