GBP/USD likely direction

Key levels to watch for:
Support: 1.2090; 1.1630;
Resistance: 1.2320; 1.2480; 1.2775.

Would really like to sell up here but it’s roaring and too risky with election Tuesday/news risk over w/e.

The British Pound was up against the US Dollar on Friday. By the close of US trading GBP USD was trading at 1.2517, gaining 0.44%. I believe that the support is now located at the level of 1.2141, Monday’s low, and resistance is likely at the level of 1.2557 - the maximum of Friday’s trading.

GBPUSD have not reached the 1.2598 target from where it should see seller’s there .

On Wednesday, the dollar strengthend growth relative to other currencies as the US currency recovered from losses incurred on the background of the shocking news of the victory of Donald Trump in the presidential elections in the United States. GBP/USD rose by 0.32% to 1.2417, falling from a one-month high at 1.2548, reached earlier.

Now everything is focused in US outcomes. However, it will also be really important to be focused in the British Parlament about the Brexit process as this could help the pair to reach higher levels.

It could also possibly help it to achieve [I]lower[/I] levels, maybe, depending on how that goes?

The British Pound was up against the US Dollar on Friday. By the close of US trading GBP/USD was trading at 1.2599, gaining 0.40%. I believe that the support is now located at the level of 1.2349, Wednesday’s low and resistance is likely at the level of 1.2674 - the maximum of Friday’s trading.

Key levels to watch for:
Support: 1.2460; 1.2300; 1.212;
Resistance: 1.2790.

The British pound record third consecutive day of gains against the dollar on Friday and second positive week. The price climbed by 45 pips for the day to 1.2597. The daily limit values ​​were reached respectively at 1.2672 and 1.2524. RSI develops in positive territory as the price remains above the rising moving averages, supporting positive attitudes.

Key levels to watch for:
Support: 1.2520; 1.2350; 1.2090;
Resistance: 1.2670; 1.2775.

Pound / dollar last week continued its upward movement, formed a peak of 1.2673 but closed lower at 1.2597 and hit 1.2491 earlier today. Trade signals are neutral, but as long as price remains above 1.2330, the pair is still in bullish phase as part of the bullish scenario of the formation hammer (daily chart) with goals in the region of 1.2790. First support is 1.2450. Intraday resistance at 1.2600 followed by 1.2650.

The British pound erased some of its gains last week on Monday. GBP/USD broke three-day winning streak yesterday, reporting a drop of 88 pips to 1.2485. The pair traded within the extreme values ​​1.2591 and 1.2443. Despite the decline, the bulls remain in the leading position. Break 50-period average, however, will test their capacity by a further test of 1.2350.

On Thursday, the dollar was almost unchanged at 14-year peak against other major rivals amid lingering optimism over the US economy, while trade volumes remained fragile due to Thanksgiving. GBP/USD is stable at 1.2447. Nearest levels of support and resistance are respectivly at 1.2320 and 1.2500.

The pound recorded choppy trade against the dollar on Thursday. Ultimately opening price was close to closing, respectively, 1.2437 and 1.2446. The trend has been volatile, and the difference between the highest and lowest value for the day was 93 pips. If the pound justify positive expectations, the pair will test resistance at 1.2529 soon.

Key levels to watch for:
Support: 1.2203; 1.2079;
Resistance: 1.2529; 1.2665.

Pound / Dollar had a bullish momentum yesterday, topped at 1.2525. The outlook is bullish in nearest term for testing 1.2600. Initial support is at 1.2455, whose breach could lead price to neutral trading zone testing 1.2400 but as long as the pair holds above 1.2330, I prefer bullish scenario at this stage.

The British pound recorded a modest rise against the US dollar on Wednesday. After a volatile session, the pound added only 15 pips at a closing price of 1.2505. The pair bounced from support at 1.2460 and if prices continue to rise pound will move to the first resistance at 1.2790.

The British pound recorded a fall against the dollar on Tuesday, breaking a five-day winning streak. Price managed to reach more than two-month high at 1.2774, but ultimately GBP/USD depreciated by 53 pips for the day to 1.2677. The price remains above the rising moving averages, as RSI lost positions and levels around Tuesday’s high now represents significant resistance that puts the bulls on test.

Key levels to watch for:
Support: 1.2545; 1.2350; 1.2090;
Resistance: 1.2775; 1.3045.