FX.co ★ GBP/USD 02.13.2020 - Massive movement on the GBP to the upside and our major target at 1.3067 is very close. Buying opportuntiies still preferable

Technical analysis:

GBP did spike up to the level of 1.3050 and its heading towards our main upward target from yesterday at the price of 1.3067. My advice is still to watch for buying opportunities on the dips with the main targets at 1.3067 and 1.3162.

You can exit half of the position at the current level and wait even 1.3162.

MACD oscillator is showing big increase in the momentum to the upside, which adds good confirmation to our bullish view.

Resistance levels are set at the price of 1.3067 and 1.3162

Support level is set at the price of 1.2650.