GBPUSD

16 thg 2, 2021

We have topped daily highs and broken resistance. The pair has retested short term structure and found a lot of buyers around the 1.391 level. Next resistance levels sits around 1.42 - near the upper trend line of newly formed ascending channel on the 1HR and 4HR charts. The Pound is still very bullish and my bias remains long due to Brexit, lowering Covid rates and prospects of easing of lockdowns. We expect the Pound to keep gaining on the dollar.