GBP/USD Strengthens, Remains On The Offensive
FXTechstrategy Team | Feb 26, 2018 10:04AM ET
GBP/USD: The pair followed through higher on Monday, on the back of its Friday gain. Support lies at the 1.4000 level, where a break will turn attention to the 1.3950 level. Further down, support lies at the 1.3900 level.
Below this level it will set the stage for more weakness towards the 1.3850 level. Conversely, resistance stands at the 1.4100 levels with a turn above here allowing more strength to build up towards the 1.4150 level. Further out, resistance resides at the 1.4200 level followed by the 1.4250 level. On the whole, GBP/USD looks set to correct further higher.
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