Forecast for GBP/USD on Feb 28, 2020 – Forex Alchemy

Forecast for GBP/USD on Feb 28, 2020 – Forex Alchemy

analytics5e589048eda55.png

forex guide

GBP/USD

A wide-range trade of 87 points took place for the British pound yesterday, but the price lost 14 points at the end of the day. The pound demonstrated its intention to follow the previous course without strong attention to the European panic (the euro jumped 120 points yesterday). The immediate goal remains the Fibonacci level of 110.0% at the price of 1.2842, then we expect the price at the Fibonacci level of 123.6% at the price of 1.2758.

On a four-hour scale, the upper limit of yesterday’s range was determined by the MACD line. At the moment, the price is held below the line of balance. The Marlin oscillator remains in the downward trend zone. We look forward to a further decline in the pound.

analytics5e58905f0bbfb.png

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Forecast for GBP/USD on February 28, 2020

<!-- AddThis Button END --><div class='heateorSssClear'></div><div  class='heateor_sss_sharing_container heateor_sss_horizontal_sharing' heateor-sss-data-href='https://www.forexalchemy.com/forecast-for-gbp-usd-on-feb-28-2020'><div class='heateor_sss_sharing_title' style="font-weight:bold" >Won&#039;t your trader friends like this?</div><ul class="heateor_sss_sharing_ul"><li class="heateorSssSharingRound"><i style="width:35px;height:35px;" alt="Facebook" title="Facebook" class="heateorSssSharing heateorSssFacebookBackground" onclick='heateorSssPopup("https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.forexalchemy.com%2Fforecast-for-gbp-usd-on-feb-28-2020")'><ss style="display:block;" class="heateorSssSharingSvg heateorSssFacebookSvg"></ss></i></li><li class="heateorSssSharingRound"><i style="width:35px;height:35px;" alt="Twitter" title="Twitter" class="heateorSssSharing heateorSssTwitterBackground" onclick='heateorSssPopup("http://twitter.com/intent/tweet?text=Forecast%20for%20GBP%2FUSD%20on%20Feb%2028%2C%202020&url=https%3A%2F%2Fwww.forexalchemy.com%2Fforecast-for-gbp-usd-on-feb-28-2020")'><ss style="display:block;" class="heateorSssSharingSvg heateorSssTwitterSvg"></ss></i></li><li class="heateorSssSharingRound"><i style="width:35px;height:35px;" alt="Linkedin" title="Linkedin" class="heateorSssSharing heateorSssLinkedinBackground" onclick='heateorSssPopup("http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.forexalchemy.com%2Fforecast-for-gbp-usd-on-feb-28-2020&title=Forecast%20for%20GBP%2FUSD%20on%20Feb%2028%2C%202020")'><ss style="display:block;" class="heateorSssSharingSvg heateorSssLinkedinSvg"></ss></i></li><li class="heateorSssSharingRound"><i style="width:35px;height:35px;" alt="Pinterest" title="Pinterest" class="heateorSssSharing heateorSssPinterestBackground" onclick="javascript:void( (function() {var e=document.createElement('script' );e.setAttribute('type','text/javascript' );e.setAttribute('charset','UTF-8' );e.setAttribute('src','//assets.pinterest.com/js/pinmarklet.js?r='+Math.random()*99999999);document.body.appendChild(e)})());"><ss style="display:block;" class="heateorSssSharingSvg heateorSssPinterestSvg"></ss></i></li><li class="heateorSssSharingRound"><i style="width:35px;height:35px;" alt="Reddit" title="Reddit" class="heateorSssSharing heateorSssRedditBackground" onclick='heateorSssPopup("http://reddit.com/submit?url=https%3A%2F%2Fwww.forexalchemy.com%2Fforecast-for-gbp-usd-on-feb-28-2020&title=Forecast%20for%20GBP%2FUSD%20on%20Feb%2028%2C%202020")'><ss style="display:block;" class="heateorSssSharingSvg heateorSssRedditSvg"></ss></i></li><li class="heateorSssSharingRound"><i style="width:35px;height:35px;" alt="Mix" title="Mix" class="heateorSssSharing heateorSssMixBackground" onclick='heateorSssPopup("https://mix.com/mixit?url=https%3A%2F%2Fwww.forexalchemy.com%2Fforecast-for-gbp-usd-on-feb-28-2020")'><ss style="display:block;" class="heateorSssSharingSvg heateorSssMixSvg"></ss></i></li><li class="heateorSssSharingRound"><i style="width:35px;height:35px;" alt="Whatsapp" title="Whatsapp" class="heateorSssSharing heateorSssWhatsappBackground"><ss style="display:block" class="heateorSssSharingSvg heateorSssWhatsappSvg"></ss></i></li><li class="heateorSssSharingRound"><i style="width:35px;height:35px;" title="More" alt="More" class="heateorSssSharing heateorSssMoreBackground" onclick="heateorSssMoreSharingPopup(this, 'https://www.forexalchemy.com/forecast-for-gbp-usd-on-feb-28-2020', 'Forecast%20for%20GBP%2FUSD%20on%20Feb%2028%2C%202020', '' )" ><ss style="display:block" class="heateorSssSharingSvg heateorSssMoreSvg"></ss></i></li></ul><div class="heateorSssClear"></div></div><div class='heateorSssClear'></div><div class="clear"></div><br/><div class="blog-info-wrapper"><div class="blog-date"><span class="head">Posted On</span> 28 Feb 2020</div><div class="blog-author"><span class="separator">, </span><span class="head">By</span> InstaForex</div><div class="clear"></div></div><br/><div class="blog-info-wrapper"><div class="blog-date"><span class="head">Posted On</span> 27 Feb 2020</div><div class="blog-author"><span class="separator">, </span><span class="head">By</span> InstaForex</div><div class="clear"></div></div><br/><div class="blog-info-wrapper"><div class="blog-date"><span class="head">Posted On</span> 26 Feb 2020</div><div class="blog-author"><span class="separator">, </span><span class="head">By</span> InstaForex</div><div class="clear"></div></div><br/><div class="blog-info-wrapper"><div class="blog-date"><span class="head">Posted On</span> 26 Feb 2020</div><div class="blog-author"><span class="separator">, </span><span class="head">By</span> InstaForex</div><div class="clear"></div></div><br/><div class="blog-info-wrapper"><div class="blog-date"><span class="head">Posted On</span> 25 Feb 2020</div><div class="blog-author"><span class="separator">, </span><span class="head">By</span> InstaForex</div><div class="clear"></div></div><br/><div class="blog-info-wrapper"><div class="blog-date"><span class="head">Posted On</span> 24 Feb 2020</div><div class="blog-author"><span class="separator">, </span><span class="head">By</span> InstaForex</div><div class="clear"></div></div><br/><div class="blog-info-wrapper"><div class="blog-date"><span class="head">Posted On</span> 21 Feb 2020</div><div class="blog-author"><span class="separator">, </span><span class="head">By</span> InstaForex</div><div class="clear"></div></div><br/><div class="blog-info-wrapper"><div class="blog-date"><span class="head">Posted On</span> 20 Feb 2020</div><div class="blog-author"><span class="separator">, </span><span class="head">By</span> InstaForex</div><div class="clear"></div></div><br/><div class="blog-info-wrapper"><div class="blog-date"><span class="head">Posted On</span> 19 Feb 2020</div><div class="blog-author"><span class="separator">, </span><span class="head">By</span> InstaForex</div><div class="clear"></div></div><br/>

Drop your queries here! ↴ we will answer you shortly.