GBPUSD Market Gyrates in Consolidation

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

Market Analysis- February 20

GBPUSD market is currently trapped between the 1.240 supply level and the 1.190 demand level. The market consolidated within the same key levels as the previous year.

GBPUSD Key Levels

Resistance Levels: 1.240, 1.310, 1.370
Support Levels:1.190, 1.110, 1.080

GBPUSD market gyrates in consolidation

GBPUSD Long-term Trend: Bullish

GBPUSD buyer appears to follow the same pattern as the sellers from the previous year. The market failed to break the 1.190 support level upon a single strike. In September, the second test of the demand level fostered a breakout. The market dived to 1.070 afterward.
The Bulls emerged from the 1.070 support level in September. An expanding channel guided the daily candles to the supply level of 1.240. The market broke below the ascending trendline after the second test of the supply level of 1.240. The market has experienced difficulty moving away from the zone between 1.240 and 1.190.
Gbpusd Market Gyrates in Consolidation

GBPUSD Short-term Trend: Bearish

The market has experienced a major bearish Break of Structure (BOS) after falling below the bullish trendline. The Stochastic has reached the oversold level on the daily chart. The market is expected to ascend as the Stochastic on the 4-hour chart is not overbought yet. The Demand level of 1.190 is expected to foster a takeoff to 1.240.

You can purchase Lucky Block here.  Buy LBLOCK

Note: is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *