GBP/USD analysis for February 08, 2019 888011000 110888 The GBP/USD pair has actually been trading upwards. We discovered strong spontaneous upward move followed by the breakout of the bullish flag pattern, which is indication that purchasers remain in control which upward movement is expected. The rate is trading above the Ichimoku and kijun-tenkan sen lines, which is another sign of the strength.Short-term assistance is placed at 1.2920 and short-term resistance at 1.2995.Trading recommendation: We are long on the GBP/USD pair from 1.2960. Targets are set at the cost of 1.2995 and 1.3065. Protective stop is placed at 1.2915 . The material has been supplied by InstaForex

By | February 8, 2019

Leave a Reply

Your email address will not be published. Required fields are marked *