GBP / USD
Key levels to watch for:
Support: 1.3200; 1.3100; 1.2960;
Resistance: 1.3300;
After the UK government decided to choose a softer Brexit, the news decreased the Brexit uncertainty in the short-term. Even the resignation of David Davis could not stop Pounds recovery. Immediate resistance can be seen at 1.3360, move beyond would lead to further upward movement.
Pound / dollar fell yesterday, reaching a bottom of 1.3200, and earlier today hit 1.3189. The outlook is down to testing the support of 1.3100 - 1.3050, especially if the price can make a clear breakthrough and a convincing move below 1.32. Resistance for the day is 1.3225. A clear break above this level could take the pair into a neutral trading area with testing at 1.3275 or higher.
Pound / dollar was indecisive yesterday, but still managed to keep the downside after failing to break the EMA 200. The price continues to notice lower tops and bottoms on daily chart, and earlier today hit 1.3164. The signals remain bearish in the short term to test support 1.3100 - 1.3050. Immediate resistance remains 1.3225, whose breakthrough can take the price to a neutral zone for testing 1.3275.
The British pound did not find a direction against the US dollar on Thursday. The currency pair opened at 1.3203, closing unchanged. The pound did not find a direction throughout the day, as we would expect the pair to test the next level of support at 1.3135. Otherwise, breaking the resistance at 1.3300, we would expect the upward movement to resume.
GBP / USD
Key levels to watch for:
Support: 1.3220; 1.3150;
Resistance: 1.3300; 1.3456;
Just bouncing off the demand zone on the daily.
Hi, new here to babypips.com
I use the Andrews pitchfork to get higher time frame directions in trading.
GBPUSD,Daily
GBP/USD found support around 1.3100 and closed higher. Yet the pair remains hesitant as bulls can not decisively fight the 1.3300 handle.
Pounds suffered from Brexit uncertainty, somehow what helps the Pound recover were comments from US President Trump said a trade deal with UK post-Brexit is still possible. The pair aims higher, next immediate resistance is at 1.3285.
GBP/USD sharply dropped today, but there is room for further decline. The pair might revisit the 1.3100 level.
The pound recorded a volatile session against the dollar on Monday. After all, the opening price was close to the closing price of 1.3227 and 1.3234, respectively. Initially, bullish moods dominated, and as a result, the resistance at 1.3285 was broken after the pair recorded a peak at 1.3292. Subsequently, the Pound lost the lead.
GBP / USD
Key levels to watch for:
Support: 1.3094; 1.3046;
Resistance: 1.3285; 1.3360
The GBPUSD yesterday attempted to rise with a peak of 1.3292, but closed down at 1.3235. Trade signals are neutral in the near future. We have a descending pin bar formed on the EMA 200, which implies a potential downward pressure for 1.3200 test. A clear breakthrough and daily closure under this support would have to take the price for retesting 1.3100. Immediate resistance is at 1.3315, whose breakthrough will clear the bull’s path to 1.3360 or higher.
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD is trading at 1.3130, adding 0.89%. I believe that support is now at 1.2957, Thursday’s low, and resistance is likely to come in at 1.3295, Monday’s high.
With latest Brexit proposal is dead in the water, traders await new Brexit headline while GBP/Usd steady around 1.31. Immediate resistance can be found at 1.3155, the pair will be expected to hold near it for the short term.
GBP/USD is trading higher today on Trump’s positive comments on trade war talks. The price marked a weekly high at 1.3175, but a stong bullish bias will be confirmed only if the pair conquers 1.3200 handle with next target 1.3230.
Brexit uncertainty continues to weight in making the pair trading almost flat, but I’m hoping BoE possible rate hike will change the trend.
BoE raised its interest rate today and on this news the GBP/USD reacted with huge drop, losing 0.65% and marked daily low at 1.3045. The pair succeed to bounce from the low and currently is trading at 1.3058.However to bring back the bullish mode the pair will need to fight first 1.3165 and next 1.3215 and eventually 1.3245. On the other hand bears will need to regain the 1.3000 handle in order to drive the pair down towards 1.2957 (the 2018 low).
Bank of England hiked the rate, but Pound dropped today, do you have any idea why?