Home GBP/USD Technical Analysis: Techs would turn bullish above 1.3198

GBP/USD Technical Analysis: Techs would turn bullish above 1.3198

Updated: 6 Mar. 2019 | 03:23

The GBP/USD pair created a long-tailed doji on Tuesday, signaling an end of the pullback from recent highs near 1.3350.

A close today above 1.3198 (previous day’s high) would validate the long-tailed doji and confirm a resumption of the rally from the Feb. 14 low of 1.2773. In that case, 1.3350 could be put to test again.

A close below 1.3098, however, would imply a continuation of the sell-off from highs near 1.3350.

Daily chart

Trend: Bullish above 1.3198

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