empty
 
 
22.02.2019 02:48 PM
GBP/USD analysis for February 22, 2019

This image is no longer relevant

The GBP/USD has been trading downwards. The price tested the level of 1.2992. According to the Daily time frame, we found the downside breakout of the 2-day balance, which is a sign of the weakness and developing of a potential trend day. The level of 1.3105 remains to be the key short-term resistance. We expect GBP to test lows at 1.2895 and 1.2785.

Trading recommendation: We are short on the GBP/USD pair from 1.2995, and the protective stop is at 1.3105. Downward targets are set at the price of 1.2895 and 1.2785.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback