The pound recorded another successful session against the dollar on Thursday. The session started at 1.3998 and ended at 1.4099. If bullish moods are maintained, the level at 1.4150 will be tested. If the direction goes down, it is likely that the pound will focus on the first support at 1.3990.
Support level can be found around 1.40, break below it would lead to further downside.
The British pound recorded a decline against the US dollar on Friday. The currency pair opened at 1.4098 and finished 87 pips lower. Daytime extreme values ??were reached at 1.4144 and 1.3996 respectively. The price has found support at 1.4015, but given the negative outlook, a sequential test at the relevant levels is not ruled out.
Key levels to watch for:
Support: 1.4015; 1.3850; 1.3650;
Resistance: 1.4315;
GBP/USD moved lower today and marked low at 1.3931 before refuming the up-move. Currently the pair is trading at 1.3995 and yet finds difficulties to fight the 1.40 level. To confirm the bullish trend the pair will need first to advance beyond 1.4025.
Next week Brexit will be back on the agenda, the UK government seems now has an idea of what kind of post-Brexit deal they want, a Canada-style. Market expecting a stronger Pound with softer Brexit.
The pound recorded a volatile session against the dollar on Friday. In the end, trade ended in favor of the British currency, but the increase was negligible. If the bulls increase their influence, the pair will test the resistance at 1.4147. The session was opened at 1.3952 and the final was 14 pips up. The difference between the highest and the lowest was 100 pips.
Interesting levels to watch for:
Support: 1.3821; 1.3762;
Resistance: 1.4147; 1.4280;
I trade on the chart H4 and Moving Average shows that the highest level that this pair can take is 1.4185. It’s obvious that the bullish trend is prevalent. I’m counting on the pair quote growth.
GBP/USD is moving within narrow range, but the downside yet remains vulnerable. First target for the bears is provided by the 23.6% Fibo at 1.3810.
The British pound recorded increase against the US dollar on Monday. The currency pair opened at 1.3796 and ended at 1.3848. Reaching the highest daily values at 1.3876, the price continues its upward movement from Friday and would test the first resistance level at 1.3917. With a successful break of 1.3917, the pound would head to 1.3990.
GBP/USD
Interesting levels to watch for:
Support: 1.3762; 1.3709; 1.3615
Resistance: 1.3917; 1.3990;
The GBPUSD has retraced to the 1.3900 zone during the last few trading sessions, but the bearish trend in the midterm is still in place, therefore the pair may drop back down to the 1.3700 level.
The pound gained positions against the dollar on Friday. The British currency justified the positive expectations and recovered some of the losses from the previous session. If the upward trend continues, the pair will break the resistance at 1.3930. Trade was open at a rate of 1.3806, and the pound added 38 pips to its value to the final. Peak for the day was reached at 1.3888.
GBP/USD
Levels to watch for:
Support: 1.3711; 1.3643;
Resistance: 1.3930; 1.4147;
GBP/USD eased few pips below the 1.40 barrier. Indicators on H4 have lost directional strength so the pair might stay in consolidation mode until next key event sets direction.
Gbp/Usd is testing upside, 1.4000 is critical level before EU urgent Brexit meeting today and follow by Summit scheduled by 22nd and 23rd this week. I would expect the pair continue stuck in a range for now.
GBP/Usd remains bullish due to Brexit transitional agreement and strong UK data. The pair could test immediate resistance at 1.4220 again.
GBP/USD suffered huge drop and marked lowest level for a week. The pair bounced from the intraday low at 1.4065 but remains vulnerable around 1.4210.
Lads, Lads ! - It’s range trading - just going up an’ down for a bit - Calm down, it’s going nowhere for a while ! 