GBPUSD Intraday Technical Analysis


GBPUSD intraday is bullish above the 1.4000 level. Check out the 19 February GBPUSD Intraday Technical Analysis to see how the pair trades currently.

19 February, OctaFX – The British pound is trying to build upside momentum against the greenback, after earlier finding technical support just below the key 1.4000 level. The GBPUSD pair currently trades around the 1.4020 level, with the U.S dollar index starting to give back intraday gains amidst depressed market volumes.

Sterling traders are awaiting a keynote speech from Bank of England Governor Mark Carney later this evening, ahead of the BOE’s Inflation Report on Tuesday.

19 February GBPUSD Intraday Technical Analysis

  • The GBPUSD pair is likely to see continued upside whilst trading above the 1.4000 level, key intraday resistance is now found at the 1.4036 and 1.4074 region.

  • Should the GBPUSD start to move below the 1.4000 support level, we may see a deeper correction back towards the 1.3938 and 1.43901 support levels.

Disclaimer

This article about 19 February GBPUSD Intraday Technical Analysis was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Also, speculative trading is a challenging prospect, even to those with market experience and an understanding of the risks involved.

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