The GBP/USD heads to recover – Analysis – 25/02/2021

com-l4The GBPUSD pair’s decline stopped at 1.4080 level, and begins to rebound bullishly to hint heading to resume the main bullish trend, which makes us expect stopping yesterday’s suggested negative scenario, noticing that stochastic provides clear positive signals that support the chances of achieving more gains in the upcoming sessions.

Our expected positive targets begin at 1.4230 followed by 1.4275, taking into consideration that breaking 1.4070 will press on the price to achieve new decline that targets visiting 1.3890 areas before any new attempt to rise.

The expected trading range for today is between 1.4070 support and 1.4250 resistance.

The expected trend for today: Bullish

Origin: Economies

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