Gbp/Usd seems has lost it upside momentum, hovering around 1.33 level, break above 1.3360 would send the pair back to its bullish trend.
The Sterling saw massive buying this week. Good news coming from the UK.
Gbp/Usd support level can be found around 1.3420, break below will deeper the bearish correction movement.
Gbp/Usd short term seems turned towards downside, support level can be found around 1.3350 and follow by 1.3310.
The pair has been difficult to trace lately.
Although the pair strong bearish trend seems slow down, but with uncertainty on Brexit, I'm expecting further decline towards below support level 1.3300.
Expecting to see what the week brings, probably a move to the upside imo.
I wish everyone here Merry Christmas!
Exciting stuff ahead in 2018 for the Sterling!
Gbp/Usd started the week with a small bearish gap, but soon recovered. Risk remains towards upside, 1.3550 act as strong resistance.
Pound is considered to be one of the strongest currencies this year. Big if true.
The bearish strength seems limited, even though the pair could not stay above 1.36 level, but there is still room on the upside. The immediate resistance can be found at 1.3615.
Closely following this pair. Might buy in this week.
Pound take advantage of dollar's weakness, remain a strong upward strength. Next target would be at 1.3785 and follow by 1.3800.
The pair broke 1.3850, next target is at 1.40.
Sterling is seeing massive appreciation!
The week started with a small gap up but soon recovered. GBP/Usd has lost its upward strength and consolidating its gains, upside limited to 1.3940.
Just out of interest, I think Sterling is recovering some of the massive markdown it received due to the 2008 "Banking debacle"
GBP/USD continues to rise today, but is facing the 1.3950 barrier after the doble top from last week. I think the pair is ahead of consolidation before a move towards the psycological 1.14 level.
Pound seems to be going strong. Watching from the sidelines for now.
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