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.
On Tuesday, the pound-dollar currency pair lost 40 pips of its value. The day was opened at a price of 1.3001 and began with the prevailing power of the bears. Just before noon, they recorded a bottom of 1.2953. The next few hours were volatile for the currency pair. The bulls managed to make a bigger move, breaking the resistance at 1.3030 and recording a peak of 1.3032, but at the end of the day the quote stayed away from these values at a price of 1.2961.
Key levels to watch for:
Support: 1.2860; 1.2690;
Resistance: 1.3030; 1.3220; 1.3440.
Pound / dollar attempted to decrease yesterday, reaching bottom at 1.2926, but closed higher at 1.2975. The couple adhered to the trendline of support. The signals are neutral, possibly with light bullish signals for testing the key resistance 1.3050, which should be clearly pierced for the sequel to the bullish scenario. Intraday support we have at 1.2930 / 25. A clear breakthrough below this zone may cause further bearings to test for 1.2880.
The British pound was down against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.2804, losing 1.07%. I believe that support is now at around 1.2776, the low of Friday’s trading, and the resistance is likely at 1.3044, Monday’s high.
I agree with you, risk remains on the downside.
Correction movement remains on the downside, immediate support can be found around 1.2770/60 zone. The UK election and Brexit will still be the key that drive this pair in the coming few weeks.
Pound / Dollar attempted to rise up yesterday, reaching a peak of 1.2850, but traded down earlier this morning, sliding below 1.2800. Expectations remain downside to testing support 1.2780, which is a good long-range area with narrow loss stops. A clear break below this level can clear the way down to 1.2700 - 1.2670 or lower. The first resistance is at 1.2850, whose breakthrough can take the price to a neutral zone with testing at 1.2900 / 25.
The British pound recorded a volatile session against the US dollar on Tuesday. The currency pair added only 20 pips at a closing price of 1.2857. Daytime extreme values were reached at 1.2793 and 1.2887 respectively. If the bearish trend of the last few sessions continues, we can expect a first support test at 1.2700.
Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090; 1.3270.