FX.co ★ GBP/USD analysis for February 25, 2019

End of the downward correction (expanded flat) in the background. We are bullish about GBP/USD in the short term and the key resistance is set at the price of 1.3215. The key short-term support is set at the price of 1.2967. There is also a breakout of the downward channel in the background, which is another sign of strength.

Trading recommendation: We are long GBP from 1.3080 and protective stop at 1.3035. Objective target is set at the price of 1.3215.