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Pound bulls attempting to recover losses – GBP/USD Market Outlook – 26/02/2021


The Cable fell sharply below 1.40 yesterday, reaching as low as 1.39 and breaking below important trend lines, as US Dollar picks up bids amid the bond market sell-off. Additionally, BOE Governor Bailey expecting a negative first quarter for the economy, might have weighed on the pair also. The bulls will attempt to find support around 1.39 for a push back towards 1.40.

Support: 1.3850/ 1.3780
Resistance: 1.3945/ 1.40

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/pound-bulls-attempting-to-recover-losses-gbp-usd-market-outlook-26-02-2021
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