Home / FOREX / GBP/USD support resistance for 17-02 – 21-02 / 2014

GBP/USD support resistance for 17-02 – 21-02 / 2014

GBP/USD support resistance for 17-02 – 21-02 / 2014

Uptrend will continue.
Estimated pivot point is at the level of 1.6570 My view: Buy the pair after correction above the level of 1.6650 with the target of 1.6880.
First support the pair will face at 1.6613.
Second support at 1.6570. Breakout of the level 1.6570 will enable the pair to decline in correction throughout the ascending momentum.

On the upside resistance should be met at 1.6759 which we believe is a critical point for this weeks action.
Next major resistance will be at 1.6880

Chart_GBP_USD
Chart_GBP_USD

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GBP/USD at daily high

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Weekly Economic Calendar For Feb 16, 2014-Feb 22, 2014

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