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.
The British pound recorded a volatile session against the US dollar on Monday. The currency pair started at 1.2992 and the pound registered a positive performance. Eventually, the currency pair ended at 1.3027 and if the upward trend continues, we can expect a break in the first resistance at 1.3090.
Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090; 1.3270.
The British pound recorded a volatile session against the US dollar on Tuesday. The currency pair opened at 1.3027 and finished just 4 pips lower. Graphics continued to grow above the creeping averages, while the relative strength index remained neutral. If the bullish trend keeps the pair will focus on the resistance at 1.3090.
The British pound record also recorded a significant increase against the US dollar on Wednesday. The currency pair added 97 pips and the pound managed to break the first resistance at 1.0390. Daytime extreme values were reached at 1.3000 and 1.3123 respectively. If the price continues to rise, we can expect a resistance test at 1.3270.
Key levels to watch for:
Support: 1.3090; 1.2700; 1.2516;
Resistance: 1.3270.
The British pound also recorded a decline against the US dollar on Thursday. Session started at 1.3120 and the pound lost 56 pips. Graphics continued to grow above the creeping averages, while the relative strength index remained neutral. Establishing the pair above 1.3090 will be indicative of the interest of the bulls, whose next target is the resistance at 1.3270.
The dollar pulled 84 pips out of the pound. At the beginning of the day one British pound was exchanged for $ 1.3198, and the course headed for resistance at 1.3250. By noon the bulls managed to break through and peaked at 1.3265, but three hours later the bears took their bottom at 1.3112. The last quotation for the day was 1.3137.
Support: 1.3030; 1.2860; 1.2690;
Resistance: 1.3250; 1.3380.
Pound / dollar made a downward movement yesterday with a bottom of 1.3112. Short-term expectations are downward, support 1.3125 - 1.3075 is a good place to place purchases.
Pound / dollar was indecisive yesterday. Expectations remain bearish in the short term to test the 1.2930 - 1.2865 zone as part of the downstream phase after the breakthrough under the trendline support line. Resistance for the day is 1.3028 (yesterday’s peak). A clear break above this level could take the price to a neutral zone with testing at 1.3075 - 1.3125. Generally, I am neutral on this pair, but a clear break above 1.3125 should re-activate the upward model.
The pound registered a slight increase against the dollar on Wednesday. The British currency broke off the negative trend of the day before, but a key breakthrough was not reached. If the Bears will win again, the first support at 1.2930 will be tested. The session was opened at a rate of 1.2990 and the closing price was 1.3003. The trend was volatile, as the peak of the day was reached at 1.3027.
Key levels to watch for:
Support: 1.2930; 1.2853;
Resistance: 1.3278;
Nice 20 pip stop hunt reversal @ 8:30am on all USD crosses 2 days in a row now, that’ll pay for the LP’s exclusive club lunches…
Here’s a simple man’s approach. I don’t know where the GBP/USD is going, I just react if there’s a good trend. Right now there’s a good uptrend so I am long. When price stops going up, I’ll stop being long.
But I cannot sell while price and the 50EMA are above the 200EMA, and the 50 is sloping upwards.