Immediate support level can be found around 1.2860/63, break below we are looking for further decline.
I agree, the pair is still consolidating above 1.2860, but a breakout below that support could lead to a further drop towards 1.2800 at least.
Looks like it will try to go above 1.29. Interesting to see Wednesday’s news.
The pair bounced off from 1.2860 after forming several very telling candlesticks above that level on the four-hour time-frame - namely an inverted hammer candlestick, a hammer candlestick and a doji candlestick. Next target is likely the last high at 1.2926.
GBP/USD not only reached 1.2926 but broke out above that level and reached a high 1.2955 before forming a shooting star candlestick on the one-hour time-frame and bouncing off the aforementioned high. Next target is likely 1.2900 or 1.2890, which is the (MA)89 indicator on the same one-hour time-frame.
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GBP/USD bounced off from 1.2910 and moved to the upside, forming a new high at 1.3010. The next high is at 1.3030 and a further move to the upside towards that target is quite likely.
GBP/USD finally found some resistance at 1.3110 and bounced off from that level after forming a shooting star candlestick on the four-hour time-frame. Next target is likely at 1.3000.
GBP/USD bounced off from 1.2930 after forming a spinning top candlestick on the four-hour time-frame at that level and it will likely test 1.3000 next, which from a support will have become a resistance level.
Not much of a movement this week. Overall bearish sentiment in the US dollar, possible upside momentum expected next week.
Gbp/Usd seems limited to 1.3020/30 zone, continues showing no clear directional strength.
Gbp/Usd support level can be found at today’s low 1.3050, downward movement seems limited short-term, I’m expecting correction movement before downside continues.
GBP/USD has been really choppy lately. I’m out of this pair for now.
Bullish consolidation may clear the pair to the way up if break above resistance around 1.3150/60 zone.
Gbp/Usd remains in the positive territory while pulled back starts corrective movement. Resistance can be found at 1.3245, break above leads to further gain.
The pair continues consolidating its gains ahead of BoE monetary policy meeting tomorrow. Resistance can found at 1.3250 and follow by 1.3300.
Gbp/Usd took reverse turn followed by the BoE’s decision remain its low rate unchanged and found support at daily low 1.3110. The pair consolidating on the downside ahead of US Non-farm payroll.
GBP/USD hovering around 1.31, the pair looks fragile in the choppy environment lately.
GBP/USD has moved a bit to the downside. Possibly market sentiment could switch from bullish to bearish for the week. The US dollar seems strong.
Over the weekend, news showing UK is prepared to pay up to €40 billion divorce bill. The uncertainty around Brexit negotiation bring the pair towards the downside and found support level at 1.3000.
GBP/USD did not do much, hopefully more volatility is coming.