Forex forecast for 21 February

Forex forecast for 21 February

27 February 2017, 15:46
Real Trade
0
18
GBP/USD
As we predicted pair returned in descending triangle range, and we should to seek continuation of downtrend. Line 1.24 is the only support now. Support breaking will mean bears have taken the market. Conservative traders should seek correction to 1.2450 and sell there, but aggressive – sell after support line breaking.

 
USD/JPY
Pair is trading near support level and downtrend line. That gives significant support for the pair. We advise to buy from current price and hold position until 112.8 or 113.7.



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