.GBP / USD has expanded its reach as the UK immunization program intensifies.
.The U.S. stimulus supports positive sentiment in markets that measure reliable port dollars.
.Monday's four-hour chart indicates excessive shopping conditions.
A politician has kept his promise - Prime Minister Boris Johnson, who has lost more than once his goals, has now taken control of Britain and has reached 15 million by February 15. The UK has vaccinated the most vulnerable groups in most areas. Performance is one of the reasons for the increase of 1. 1.39 to the new 34-month highs.
Will the British government accelerate its reopening plans? Johnson February 22 is ready to address this issue, but details may come out soon. Rapid Vaccination Campaigns and Locks are the cause of COVID-19 injuries, hospitalizations and deaths in recent weeks. With better growth than expected, the economy will grow in the first quarter of 2021 to normal growth.
Another bright hope comes from across the pond. The United States Senate has released former President Donald Trump after a vote of no-confidence. The immediate closure of markets will allow it to move forward with a $ 1.1 trillion stimulus package presented by President Joe Biden. The final sum may be small, but it is ready to pass before the end of the month.
How much can GBP / USD increase? To some extent, thinner trade also helps cable drivers to thrive. China and other Asian financial institutions are on the move to celebrate the lunar New Year, and American merchants are enjoying a holiday.
GBP/USD Technical Analysis
In the four-hour chart, the relative strength index is only over 70 - indicating excessive levels. However, the pace remains high and the currency pair holds more than 50, 100 and 200 simple moving averages. In general, GBP / USD is likely to ignore over-purchase conditions for some time.
The new 34-month high is a 1.3915 fast resistance line. It is followed by a significant psychological level of 1.40 and then 1.4110 and 1.42.
The support is waiting for the previous high of 1.3865, then 1.3825, and 1. A temporary pillow is waiting for 1.3775 and then for the previous double end of 1.3750.
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