GBP/USD likely direction

Key levels to watch for:
Support: 1.2560; 1.2490;
Resistance: 1.2690; 1.2860; 1.3030.

The British Pound attempted to offset the loss from the previous day by adding 43 pips to its asset against the dollar. The opening quote for the day was 1.2628, and before noon the bears recorded their bottom at 1.2589. There was a rapid response from the bulls and the course broke the resistance at 1.2690 to reach a peak of 1.2671. Bulls did not have the strength to keep the course over the resistance, and at the end of the day a pound was exchanged for 1.2671 US dollars.

The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2719, gaining 0.29%. I believe that support is now at the level of 1.2587, the minimum of Wednesday, and the resistance is likely at 1.2817, the maximum of Monday.

The pair start week with a small gap up. Political uncertainty remains as Theresa May has been unable to form a government until now.

The British pound reported a volatile session against the US dollar on Monday. The currency pair lost only 11 pips at a closing price of 1.2722. Daytime extreme values ​​were reached at 1.2759 and 1.2706 respectively. A more significant challenge for the couple in the downward direction is the 1.2700 level. A potential breakthrough will create the possibility of a prolonged decline.

Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090; 1.3270.

Only 2 out of the 9 charts I look at show prices above the 200EMA with GBP as the base currency. Not that many, but last weekend this total was zero. In addition, GBP price has risen against 2 of the 3 strongest currencies according to this measure in the last week, NZD and CHF, while virtually flat against EUR. This is strong performance. GBP bears beware.

Gbp/Usd failed stay above 1.3030 level, correction movement continues before UK PMI data. We have a busy week ahead of us for both dollar and Pound which would change the trend.

The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.3028, adding 0.16%. I believe that support is now at around 1.2703, Monday’s low, and resistance is likely at 1.3030, the high of Friday’s trading.

The British pound recorded a volatile session against the US dollar on Monday. The currency pair opened at 1.3002 and finished 65 pips lower. If the direction goes down, the pair will probably break the first support at 1.2700. On the upside, the pound will move to resistance at 1.3090.

The British pound was down against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2891, losing 0.61%. I believe that support is now at the level of 1.2868, the low of Friday’s trading, and the resistance is likely at the level of 1.3024 - the maximum of Monday.

I’m looking for further decline if the pair break below the support level around 1.2860.

The pair short term bounce above 1.29 level, political uncertainty still drives the Pound, 1.3000 appears to be strong resistance.

On Thursday, the dollar did not find the strength to oppose the English currency. New 56 pips were added to pound assets during Thursday’s session. The day was found at 1.2882 and the bottom of the bear came in the first minutes of the session at 1.2878. For almost the whole day, he had been subject to the whispers. The course reached a peak of 1.2954. At the end of the day a British pound was exchanged for $ 1.2938.

Pound / dollar had a rising impulse yesterday, breaking the resistance 1.2925 after rebounding from the daily EMA 200, as seen on the daily chart. This fact closes the scenario of the downward pin bar. Expectations are up for testing the resistance of 1.3000 - 1.3050, which remains a good place to place sales with narrow stops above 1.3050. The closest support is seen at 1.2900. A clear breakthrough below this level can take the price to a neutral zone, the direction will become obscure, potentially testing 1.2850 / 15. I basically remain neutral to this pair.

Key levels to watch for:
Support: 1.2860; 1.2690; 1.2560;
Resistance: 1.3030; 1.3250.

The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.3100, adding 1.24%. I believe that support is now at around 1,2808, Wednesday’s low, and resistance is likely at 1.3095, the high of Friday’s trading.

The pair is consolidating last week gain around 1.3100 level, immediate resistance at 1.3170, break above would mean further upward trend.

The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2994, gaining 0.15%. I believe that support is now at around 1.2930, Thursday’s low, and resistance is likely at 1.3127, Tuesday’s high.

The pair seems limited to 1.3020/30 zone, continues showing no clear directional strength.