GBP/USD Multi-Timeframe analysis

Feb 18, 2021

H1 CHART

Waiting for a retracement lower towards the 1.38945 support level, in order to reinstate LONG positions. Next important support is the 1.38761 level.

Support & Resistances
1.38945 1.39181
1.38761 1.39354
1.38388 1.39507

H4 CHART

A high probability, entry signal to go LONG was given at 1.38780 after the market found support at 1.38264 . Only the downward break of 1.38264 would cancel the bullish scenario.

Support & Resistances
1.38283 1.38650
1.37748 1.38761
1.35644 1.39507

DAILY CHART

Waiting for a retracement lower towards the 1.37027 support level, in order to reinstate LONG positions. Next important support is the 1.36234 level.

Support & Resistances
1.37027 1.39507
1.36234 1.41053
1.35378 1.45180

WEEKLY CHART

Waiting for a retracement lower towards the 1.34812 support level, in order to reinstate LONG positions. Next important support is the 1.30112 level.

Support & Resistances
1.34812 1.39573
1.30112 1.47642
1.26743 1.60794