Technical analysis of GBP/USD for February 19, 2018
February 19, 2018 7:21 amVideo
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Overview:
The strong daily support is seen at the 1.3901 level. According to the previous events, we expect the GBP/USD pair to trade between 1.4055 and 1.3901 in the coming hours. The price area of 1.4123 remains a significant resistance zone. Thus, the trend is still bearish as long as the level of 1.4123 is not broken. On the contrary, in case a reversal takes place and the GBP/USD pair breaks through the resistance level of 1.4123, then a stop loss should be placed at 1.4160.
The material has been provided by InstaForex Company – www.instaforex.com
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