GBP / USD - sale at 1.2810
BASIC PARAMETERS
• Entry: 1.2810 (per market)
• Stop: 1.2861
• Limit: 1.2736
It seems consolidation continues, the pair stay within the range between 1.2750 to 1.2860. In order to further gains, Pound needs to break above 1.29 level.
Pound/dollar made a moderate upward momentum yesterday, forming a peak at 1.2845. Expectations are bullish for testing 1.2900. A clear breakthrough and daily closure over this area can clear the road ahead of the bulls up to 1.3000 - 1.3050 and give further confirmation of the bullish scenario on the double bottom. Support for the day is 1.2800. A clear break below it could take the price to a neutral trading area, but only a clear break below 1.2750 would have to stop the upside-down scenario on the double bottom.
The pound recorded another neutral session against the dollar on Wednesday. The pair continues to fluctuate around the levels it reached in the middle of last week. It is expected soon that the British currency will prevail and the resistance at 1.2901 will be pierced. Trading on Wednesday was open at a 1.2840, and the trend was neutral almost all the time. A weak bullish momentum was noticed in the afternoon when the pair reached a peak at 1.2862, but the pound quickly lost the lead.
GBP/USD
Key levels to watch for:
Support: 1.2511; 1.2413;
Resistance: 1.2901; 1.3057;
GBP/USD - Buy at 1.2872
• Entry: 1.2905 (market)
• Stop: 1.2796
• Limit: 1.2961
• Time horizon: 1 day
The GBPUSD is gaining strength to the upside and is coming very close to the 1.3000 level. Next week the pair may reach that level, but we may also see a bearish correction.
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2980, gaining 0.45%.
I believe that support is now at around 1.2829, Thursday’s low, and resistance is likely at 1.2976, the high of Friday’s trading.
For now the GBPUSD may try to consolidate between the 1.2900 level and the 1.3000 level, but the bullish trend is still in place on the daily chart, therefore it may try to continue heading higher.
Gbp/Usd bearish consolidation movement capped under 1.29 level, the pair needs clear breakout of 1.3000 level to confirm further gains, on the downside support zone are around 1.2830/20.
Initial sales on Thursday clearly showed a negative attitude on the part of market participants regarding the GBPUSD currency pair. This, however, was followed by a sharp and rapid change in sentiment, which triggered the price over the 13-year moving average.
The bounce was strong, although the “cable” managed to correct only half of the downward movement from the previous day. The upward momentum remains up to date, indicating that the price has the potential to realize another ascending impulse.
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2889, gaining 0.02%. I believe that support is now at around 1.2845, the low of today’s trading, and resistance is likely to come in at 1.2992, Monday’s high.
Key levels to watch for:
Support: 1.0815; 1.0550;
Resistance: 1.0980; 1.1130; 1.1280.
GBPUSD - Buy at 1.2887
BASIC PARAMETERS
• Entry: 1.2887 (per market)
• Stop: 1.2850
• Limit: 1.2966
My mistake: wrong currency 
Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090; 1.3270.
Pound / dollar had momentum up yesterday, making a peak at 1.2990. The trade signals are upward, but I note that we need a clear breakthrough over the key 1.2985 resistance for the sequel to the bullish test scenario at 1.3050 or higher. We have immediate support at 1.2930. A clear breakthrough underneath it could take the price to a neutral trading area testing 1.2880.
The pound recorded a positive session against the dollar on Wednesday. So the pair came out of the narrow range that the last few days have not been changing. Resistance at 1.2987 was hit for a moment, but very quickly the dollar compensated for the losses and the pair finished below the key levels. Trading on Wednesday was opened at 1.2918, the trend being bullish in most of the time. Peak for the day was reached at 1.2989 and the final was 20 pips lower.
Key levels to watch for:
Support: 1.2801; 1.2757;
Resistance: 1.2987; 1.3057.
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3037, gaining 0.75%. I believe that support is now at around 1.2864, Tuesday’s low, and resistance is likely at 1.3051, Thursday’s high.