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19.02.201908:46 Forex Analysis & Reviews: Forecast for GBP / USD pair on February 19, 2019

Long-term review

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GBP / USD pair

The British pound rose by 33 points yesterday following the general weakening of the dollar (-0.12%). As a result of, it consolidated above the balance lines and MACD on the daily chart. The same price fixing occurred on the four-hour chart. Now, the pound has strong support for these indicator lines at once on two periods on the same level (1.2875). The price is easier to grow to the resistance of 1.2973 in the price channel on daytime than to gain a foothold under 1.2875 with the immediate goal of 1.2784. Fixing above 1.2973 will allow growth to continue to 1.3048.

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