GBP/USD Intraday: bullish bias above 1.4040.

GBPUSD

Trading Central 2021-02-23 11:38:34

Pivot: 1.4040

Our preference: long positions above 1.4040 with targets at 1.4100 & 1.4120 in extension.

Alternative scenario: below 1.4040 look for further downside with 1.4015 & 1.3980 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

1.4135

1.4120

1.4100

1.4067 Last

1.4040

1.4015

1.3980

Disclaimer

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