Technical analysis

23 February 2021

20:25 The GBP / USD pair peaked on April 20' 2018

Today, the GBP/USD pair is trading in the range of $1.4055-90, reaching a maximum on April 20' 2018. On the hourly chart, GBP / USD remains above the MA (200) H1 moving average line ($1.3925) and on the four - hour chart-above MA (200) H4 ($1.3735). In this situation, it is probably worth sticking to the north direction in trading and looking for exit points to buy. It is worth noting that the 14-day relative strength index (RSI (14) on D1), rose well above the level of 70, which signals a possible change in the direction of price movement.


Resistance levels are: $1.4090, $1.4245, $1.4370

Support levels are: $1.4055, $1.3925-50, $1.3830


The main scenario for the pair's promotion - continuation of the upward movement to $1.4245 (April 19’ 2018 high)

An alternative scenario - correction and decline to $1.3925-50 (February 16 high, February 19 low, МА (200) Н1)


23 February 2021, 20:36

USD / CHF remains above MA (200) H1