FX.co ★ Daily analysis of GBP/USD for February 27, 2018

GBP/USD gained momentum across the board during the Monday's session and is consolidating the price action above the 200 SMA; a move which should put in focus the resistance zone of 1.4078 as the next target to the upside. If it manages to break it, then the next step would be the 1.4209 level, while a pullback should make a testing of the 1.3939 zone.

H1 chart's resistance levels: 1.4078 / 1.4209

H1 chart's support levels: 1.3939 / 1.3753

Trading recommendations for today: Based on the H1 chart, sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the resistance level is at 1.3939, take profit is at 1.3753, and stop loss is at 1.4130.