Key levels to watch for:
Support: 1.3000; 1.2875; 1.2790;
Resistance: 1.3200; 1.3355.
Looks to me like the GBP is set to tank v USD . Id expect 1.25 by end of November and heading to 1.15 by years end . The hard Brexit being followed up by the likes of Liar Boris and co. will leave the GBP to USD down to 1.10 or so by this time next year .
The British Pound was up against the US Dollar on Friday. By the close of US trading GBP/USD was trading at 1.2978, gaining 0.08%. I believe that the support is now located at the level of 1.2914, Monday’s low, and resistance is at the level of 1.3060 - the maximum of Thursday.
1.28 /1.2977 spread em
But what about now! It has crashed! Please give your opinion on the direction. Thanks!
Hi Rangoo - it is simple now - pair has plummeted to new 31 year lows. This is major bearish breakout. It’s all about the downside. I’m looking for the 161.8 Fib extension at 1.2395 over the next few weeks. SELL STRENGTH.
Goodbye UK . GBP is going down . Take it from me a humble bricklayer.
That was bad! From now on I’m staying away from going long on pound.
The British pound continued to depreciate against the dollar for a third day on Monday. The pair slid 35 pips to 1.2359, with a decline of over 5% for the past eight sessions. Trading took place in the final values 1.2443 and 1.2344. Technically the bears remain in the leading position, but recovery of the RSI and inability to breakthrough from current levels may lead to start of an upward movement.
Key levels to watch for:
Support: 1.1105; 1.1045; 1.0955;
Resistance: 1.1280; 1.1355.
Well it recovered to 1.2395 anyway LOL low at IG was 1.12 … don’t have much pity for folks gambling on bottoms in a major down trend … but that is just shocking.
The US dollar took a break in the Asian session on Tuesday after recent gains, retreating from the seven-month high against a basket of major world currencies, as investors assessed the likelihood of the Fed raising interest rates in the coming months.
The British pound gained 0.35 percent, rising to $ 1.2224.
The British pound recorded a neutral session against the US dollar on Wednesday. The pair opened at 1.2292 and the price managed to break the resistance at 1.2300 twice. In the end, the pound ended at 1.2283 and if the downward trend continues couple will move to the next support at 1.2120.
Key levels to watch for:
Support: 1.2120; 1.1630;
Resistance: 1.2300; 1.2460; 1.2790.
The British pound fell against the dollar on Friday. By the close of US trading GBP/USD was trading at 1.2232, shedding 0.18%. I believe that the support is now located at the level of 1.2134, Monday’s low, and resistance is likely at the level of 1.2334 -the maximum of Wednesday.
Key levels to watch for:
Support: 1.2079; 1.1619;
Resistance: 1.2332; 1.247.
The pound registered a slight decrease against the dollar on Friday. The price of the opening session was close to closing, respectively, 1.2250 and 1.2221. The trend was volatile and early bearish sentiment prevailed. The pair hit bottom at 1.2170, but the pound subsequently recovered partial losses. Short-term expectations remain in favor of the US currency. In this case the support at 1.2079 could be tested soon.
Pound / dollar was volatile last week. Trade signals are neutral. Initial support is at 1.2170 followed by 1.2135. Intraday resistance is seen at 1.2240, break of which could trigger further bullish pressure testing 1.2300 / 30. Overall I still prefer a bearish scenario but the more price remains above 1.20, the bullish correction / reversal scenario of the formation hammer should remain valid.
Pound/dollar made another indecisive movement last week. The bias is neutral for now. Immediate resistance is at 1.2225. A clear break above that area could trigger further bullish pressure for testing 1.2270 - 1.2300. Intraday support is 1.2150, whose breach could lead to downward pressure for testing 1.2080 but important support remains at 1.2000. The more price remains above 1.20, the bullish correction/reversal scenario of the formation hammer should remain valid.
The pound reported a second consecutive day of growth on Monday. The pair climbed by 53 pips to a closing price of 1.2238. The session took place in the final values 1.2248 and 1.2143. Overall pound closed sixth consecutive month of losses. The currency lost nearly 15.5% against the US dollar since Brexit. The Range in the couple of early October remains valid. A break of moving averages would open the possibility of testing the upper boundary at 1.2320.