FX.co - GBP/USD update for February 17, 2022

2022-02-17T14:32:13

Relevance until2022-02-18

Technical analysis:

GBP/USD update for February 17, 2022 - Buyers in control

GBP/USD has been trading upside today with good momentum. I see potential for the upside continuation.

Trading recommendation:

Due to strong rejection of the rising trend-line in the background, I see potential for the upside continuation towards upper references.

Watch for buying opportunities on the pullbacks using intraday charts. Upside objectives are set at 1,3660 and 1,3745.

Support level is set at 1,3560

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ GBP/USD update for February 17, 2022 - Buyers in control