The GBP/USD achieves good gains – Analysis – 22/02/2021

forex_news_gbp_7The GBPUSD pair surpassed 1.4000 barrier and settled above it, to keep the bullish trend scenario valid and active for the upcoming period, waiting to head towards 1.4200 that represents our next positive target, noting that the EMA50 keeps supporting the price from below.

Therefore, we will keep our bullish overview for the upcoming period, noting that breaking 1.3975 might press on the price to decline again and head towards testing 1.3855 areas before any new attempt to rise.

The expected trading range for today is between 1.3950 support and 1.4120 resistance.

The expected trend for today: Bullish

Origin: Economies

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