GBP/USD Technical Analysis 02-22-18

GBP/USD currency pair continues the corrective movement within the ascending channel. At this point, one should expect an attempt to rebound from the lower border of the “Triangle” figure, coinciding with MA200 near the level of 1.40. Then it is necessary to expect the continued growth of the area above 1.43.

The cancellation of GBP growth will be a further fall and a breakdown of the lower boundary of the channel in the 1.38, which will indicate the continuation of the fall of the pair.

Confirmation of the pair growth will be a breakdown of the upper border of the “Triangle” figure and fixing the price above 1.4150.

GBPUSD_STPH4

Created by Joshua Hayn

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