The GBP / USD pair this morning of the American session is trading with a strong bullish signal, above the SMA of 21 and above the EMA of 200, the short-term objective is to reach the level of 1.4038, there is the 7/8 by murray.
In view of the fact that the pair is trending upward, our recommendation is to buy above 1.3973 with targets at 1.4038, since the eagle indicator is showing a bullish signal and is likely to reach an overbought level, therefore we have even more moving higher in the GBP / USD pair.
On the other hand, a break below the 21 SMA in 1-hour charts, which is located at 1.3973, will signal a correction to the 200 EMA area around 1.3876, if the pair consolidates below 1.3960 we recommend selling the GBP / USD.
Support And Resistance Levels For February 19 - 22, 2021
Resistance (1) 1.4033
Resistance (2) 1.4077
Resistance (3) 1.4126
Support (1) 1.3984
Support (2) 1.3940
Support (3) 1.3918
Trading tip for GBP/USD for February 19 - 22, 2021
Buy above 1.3973 (SMA 21) with take profit at 1.4038 (7/8 of murray), stop loss below 1.3940.
Sell below 1.3960 (SMA 21) with take profit at 1.3876 (EMA200), stop loss above 1.3995.