GBP/USD weekly forecast on February 11 — 15, 2019

Currency pair GBP/USD is trading at 1.2949. Quotes of the pair are trading below the moving average with a period of 55. This indicates the presence of a bullish trend for the pair Pound/Dollar. At the moment, the pair quotes are moving near the middle border of the Bollinger Bands indicator bars.

GBP/USD weekly forecast on February 11 — 15, 2019

As part of the forecast, the pair Pound/Dollar is expected to test the level of 1.2870. Where can we expect an attempt to continue the growth of the pair GBP/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 1.3260. The conservative buying area for the GBP/USD pair is located near the lower border of the Bollinger Bands indicator strip at 1.2780.

GBP/USD weekly forecast on February 11 — 15, 2019

Cancellation of the option to continue the growth of the pair Pound/Dollar will be a breakdown of the lower border of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotes pair below 1.2650 area. This will indicate a change in the current trend in favor of the bearish for GBP/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of growth.

GBP/USD weekly forecast on February 11 — 15, 2019 suggests a test level of 1.2870. Further growth is expected to continue to the area above the level of 1.3260. The conservative buying area is located is near the area of ​​1.2780. The cancellation of the GBP/USD pair fall option will be the breakdown of the level of 1.2650. In this case, we can expect continued growth.


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