Technical Analysis : GBP/USD 11 February 2020

11 February 2020 Analysis (Forex, Currency Pairs, Gold, Bitcoin)Currency PairsGBP/USD

Forex Technical Analysis : GBPUSD (11 February 2020)

Forex Technical Analysis : GBPUSD

Target Level 1.3044

Date: 11 February 2020

Support Line (S) : 1.2872

Resistance Line (R) : 1.2946

Time Frame : 60 Minutes

Pattern : Falling Wedge

Divergence : Yes

Supports & Resistances :

1.3044 **
1.2946 *
1.2899 – Last price
1.2872 *
1.2823 **

Comment : As long as 1.2872 is support, look for 1.3044 / below 1.2872, expect 1.2823

Detail : Falling Wedge pattern is still in the process of forming. Possible bullish price movement towards the target level 1.2946 (RSI = 40.52 + Divergence)

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.



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