GBP/USD Forecast Feb. 15-19 – Pound Hits 33-Month High

GBP/USD Technical analysis

Technical lines from top to bottom:

We start with resistance at 1.4128, an important monthly line.

The round number of 1.4000 follows.

1.3917 has held since April 2018.

1.3808 is an immediate support line.

1.3687 has held since early February.

1.3514 (mentioned last week) is the final support level for now.

I am neutral GBP/USD

The UK vaccine rollout is gathering steam, but Covid lockdowns are weighing on growth. In the US, the Biden stimulus package will likely weigh on the US dollar.

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