It bounced off from 1.2800 and it may rise back towards 1.3000, but I do agree that it is quite volatile for now.
GBP/Usd is consolidating its recent gains, showing no directional strength for the short-term, I’m staying sideline for now.
The pair is stuck in a wide consolidation between 1.2800 and 1.3040 which likely won’t end before the beginning of next week.
where do guys and girls think the pair is headed next week given that we have good news about brexit.
For now it’s testing the resistance at 1.3040, a breakout will likely depend on the news.
Softer Brexit is becoming more real, hopes for ‘‘deal’’ sent GBP/Usd straight above 1.30 level. Upward momentum seems limited to 1.3050 level, the pair is expected to continue its consolidation on the upside.
It briefly reached 1.3090 but sideways consolidation continues for now. The fundamentals will likely decide whether the rally will continue.
The move to the upside continues. GBP/USD broke out above 1.3100 and it will likely continue rising towards 1.3150, which is the (MA)89 indicator on the daily time-frame.
The pair has reached 1.3160 and it is still quite bullish, next target will likely be at 1.3200.
Focus turns to UK inflation data on Wednesday, the bullish trend won’t give up as long as the pair stay above 1.3055 level.
Brexit developments continue to be the main driver of the pair, regardless of the inflation data GBP/Usd seems to start gaining downward traction. Immediate support can be found at 1.3090/95 zone.
GBP/USD found some support at 1.3065 and it bounced off from it but it will likely test that level once again. A breakout below it could lead to a further move to the downside towards 1.3000.
The pair could not quite reach 1.3065 and bounced off from 1.3090, the retracement continues for now, next target is likely at 1.3200.
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GBP/USD rebounds ahead of FOMC
https://www.forex.com/~/media/forex-image-import/180925-gbpusd-large.png
Source: TradingView and FOREX.com
The pair is bullish for now indeed, the question is whether it will remain so after the fundamentals come out.
The fundamentals pushed GBP/USD to the downside but the pair found some support at 1.3000, the question is whether it will continue falling next week.
GBP/Usd is consolidating just under 1.30 level, lack of directional strength. The pair’s direction depending a lot on Brexit developments and very little on technicals.
For me the pair is still going down on the short term. Of course tomorrow and the following 2 days there are many important news for the USD so everything could change.
It’s consolidating above 1.2950 and it may not be able to break out below that level before the fundamentals in the end of the week.
GBP/USD bounced off from 1.2925 and moved to the upside, it is currently testing the resistance at 1.3130 which coincides with the (MA)89 indicator on the daily time-frame. That said, the breakout will likely occur next week.