FX.co ★ Trading Signal for GBP/USD for February 16 - 17, 2021: Sell Below 1.3916

The GBP / USD pair before the opening of the US session is trading below the SMA of 21 in 1 hour charts, we also see a formation of a bearish flag pattern in 1 hour charts.

Our recommendation is to sell at the current price levels below a1.3916, there is the 6/8 murray line, if it remains below this level, a fall to the 200 EMA area can occur, at 1.3793.

Support And Resistance Levels For February 16 - 17, 2021

Resistance (1) 1.3958

Resistance (2) 1.3985

Resistance (3) 1.3999

Support (1) 1.3887

Support (2) 1.3856

Support (3) 1.3798

Trading tip for GBP/USD for February 16 - 17, 2021

Sell below around 1.3916 (6/8 of murray) with take profit at 1.3855, and 1.3793(5/8), stop loss above 1.3960.