GBPUSD Daily Forecast Feb 24 2017

GBPUSD, Bullish Eyes The 1.2620 levels.


GBPUSD, Bullish Eyes The 1.2620 levels.

The GBPUSD maintained a bullish momentum yesterday, bottomed at the 1.2427 levels, topped at the 1.2560 levels. This development leaves the pair targeting the 1.2620 levels, a halt is likely and a reversal may occur, however; a breakthrough the 1.620 levels will extend gains to the 1.2700 levels, further upside, resistance stands at the 1.2775 levels…

On the downside, support comes at the 1.2507 levels ahead of the 1.2427 levels (main), below 1.2427 will reverse risk to the downside and pave the way to the 1.2346 levels, further down, support stands at the 1.2250 levels.

Conclusion: The GBPUSD continues to face upside threats above the 1.2427 levels…