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GBPUSD Technical View For the This Week

18th February-2020

GBPUSD Bouncing back from the Demand Zone,Having Bullish Possibility

GBPUSD bounced back from a demand zone in the first week of February 19. At the beginning of this week, the pair is moving bearish to retrace back of the previous bullish movement. It is expected that the pair will be continuing bullish movement after the retracement. The target of the bullish movement can be 1.3070 followed by 1.3140. The Scenario will be invalid if the pair will go further bearish and close below the Demand zone

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