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Bulls might come back today! – GBP/USD Market Outlook – 18/02/2021

SquaredFinancial

The Pound found support at the 50-SMA as USD pulls back following the US bond yields, giving the pair further room to breathe. The downside remains limited for now, as long as price holds above 1.3830. If the bullish momentum persists, we could see price retesting 1.39 today and possibly higher.

Support: 1.3850 / 1.3780
Resistance: 1.39 / 1.3950

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/bulls-might-come-back-today-gbp-usd-market-outlook-18-02-2021
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