KENJICHEN

0222-GBPUSD Analysis

Short
FX:GBPUSD   British Pound / U.S. Dollar

GBPUSD
Pound fail to breakout resistance at 1.31 and 1.3075, however, it had challenge the pressure for three times, as two in US market, one in Asia market.

Therefore, it may demand pullback to recharge the momentum to push up again, so consider stay in short position for daily trade.

Short around at 1.3055 and set SL at 1.3085, then target at 1.2990 and 1.2970.

Support: 1.2950 / 1.2990 / 1.3030

Resistance: 1.3056 / 1.3100

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