So do you think it will go lower? What about progress in Brexit talks? Do you also take it into consideration as an upside risk?
GBP/USD: The pair is forming an interesting figure, for the start of the week.
The GBPUSD stays above the 55 day EMA, around the 1.3091 level with a good resistance at the 200 day EMA at the 1.3246 level. Below the 1.3000 level, its next support could be the 1.2800 level.
GBP/USD: The Brexit talks and the renewed interest to the greenback pushed the pair below 1.3100.
Good recovery of the GBP/USD yesterday by nearly 100 pips. The pair likely to test 1.3200.
That chart & post was Friday close.
This week - pound buying, buy the rumour - translate that over to Gbp/Usd
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.