GBP/USD likely direction

That chart & post was Friday close.

This week - pound buying, buy the rumour - translate that over to Gbp/Usd

Eur_Gbp_thismorning

quote Makarov
Good recovery of the GBP/USD yesterday by nearly 100 pips. The pair likely to test 1.3200.

Let’s see if the pair manages to break it.

Good struggle in 1.3200. I love to whatch it everytime…

The British pound fell against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3155, losing 0.59%. I believe that support is now at around 1.3028, Monday’s low, and resistance is likely at the level of 1.3358 - Friday’s highs.

GBP/USD: The pair is steady, with the bullish mood prevailed. It is headed to 1.3260.

Perfect level for opening a long position in GBP/USD (1.3070). TP: 1.3200, SL: 1.3025.

Still beleive in the bullish scenario in GBP/USD.

GBP/USD: The pair is waiting for Brexit talks. If a deal is achieved, the GBP/USD could test 1.3500. With no deal resolution, the pair could drop below 1.2500.

The news over the weekend are no deal friendly. We could see a gap down.

The bearish momentum accelerates on the GBP/USD below the 1.3000 level and it may reach the low at the 1.2924 level, which is actually the confirmation line of the double top formation at the 200 day EMA (blue line). Below the 1.2924 level, the pair may drop to the 1.2800 level, which has acted as support in the past, and below the 1.2800 level, its next support could be the 1.2660 level. To the upside, the 1.3076 zone may act as resistance, followed by the 200 day EMA around the 1.3238 level. At the 1.3288 level we can find the 55 week EMA which is also contributing to making the zone a good resistance for the GBP/USD.

GBP/USD: A clear break and daily closure below 1.2925 would aim the pair to 1.2800.

The British pound rose against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.2831, adding 0.11%. I believe that support is now at around 1.2778, the low of Friday’s trading, and resistance is likely to be the level of 1.3092 - a maximum of Monday.

Good support for gbp/usd - 1.2815. I believe, the pair is going to 1,2840, then to 1,2855 and, edventually, 1,2900 - intraday.

The 1.2800 level is still a very good support for the GBPUSD. The pair may bounce to the upside, where the 1.2900 level may act as resistance. In case of a bearish breakdown, the next support could be the 1.2660 level.

GBP/USD: The pair is approaching August low minimums - 1.2660. It could be a deep test of the strong 1.2700 support. If it manages to break it, it would be a sign that the Empire is going back to the panics.

GBP/USD: The dollar traded without sharp fluctuations on Friday in anticipation of US labor statistics, moving away from a maximum of 16 months in the course of previous trades, as investors again switched to risky assets. The pound sterling held the advantage after the Bank of England left rates unchanged on Thursday and indicated a possible acceleration of rates in the future if Brexit runs smoothly. The pound sterling fell 0.02 percent to $ 1.2998, but held the bulk of the gains after a rise of 1.8 percent on Thursday, the maximum one-day increase since April 2017.

The pair has changed its trend. Onboard with GBP/USD

The British pound fell against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.2969, losing 0.34%. I believe that support is now at around 1.2696, Tuesday’s low, and resistance is likely at 1.3041, Friday’s trading high.

GBP/USD: The pair attempted to drop last week, reaching bottom at 1.2695, but turned up and then closed higher at 1.2960, and now fights around 1.3000. Trading signals are neutral, but the longer the price remains above 1.2925, the short-term outlook is upward. On the upside, a clear break and daily closing over 1.3000 will clear the road to 1.3125. Downwards, a clear break and daily closure back below 1.2925 will interrupt the upward rally, but only a clear break below 1.2695 will activate my descending model again.

Pound/dollar rocketing directly to 1.3200, thanks to good Brexit talks and anti-Trump situation.