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Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateFebruary 13, 2021 - 21:48
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.37600 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.3515 on 01/18/2021, so more gains to resistance(s) 1.3970, 1.4345, 1.4565 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 66.

Supports and Resistances:

  1. 1.3480
  2. 1.3200
  3. 1.3000
  4. 1.2810
  5. 1.2695
  6. 1.2540
Click on the level to view price action history.

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