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Trading Recommendations and Trade Analysis for GBP/USD on February 16. The Correction Carried On
Analysis of GBP/USD 5M
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Analysis of GBP/USD 5M The GBP/USD currency pair continued its corrective movement on Friday after breaking out of the descending trend line on Monday. The price could not consolidate below the critical line, nor could it rise above the Senkou Span B line. The technical picture for the pound is almost identical to that of the euro currency. To restore an upward trend on the hourly timeframe, the price must consolidate above the Senkou Span B line.
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Paolo Greco,
Analytical expert of InstaForex
© 2007-2026
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