fxstreet.com 23 Feb, 2021 11:00 am

GBP/USD to move back below 1.40 if bulls book some profits – DBS Bank

The GBP/USD pair is eyeing 1.41 but pandemic headwinds in the UK could push the cable below 1.40 again if bulls book some profits, economists at DBS B

p XAU/USD retreats from one-week tops, on the defensive below $1810 level A combination of factors failed to assist gold to capitalize on the early uptick to one-week tops.p Bitcoin stages a quick bounce above $50,000 after the 11% sell-off The wild ride in Bitcoin continues in Tuesday’s Asian trading, as the BTC sellers are back in control, knocking off prices by almost 11%.Although, strong bids emerged just above $48,500 levels, prompting the flagship cryptocurrency to stage a quick recovery back beyond the $50,000 mark.p EUR/USD sets four-week high, eyes Powell's testimony EUR/USD advances toward 1.

Housing data, Fed’s Powell testimony, Consumer Confidence next on tap.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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GBP/USD to move back below 1.40 if bulls book some profits – DBS Bank

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Room for extra upside

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Refreshes two-month high around 0.9000, bulls look to retake controls

Extra losses look limited

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