GBP/USD forecast - page 54
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Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090; 1.3270.
Good days for the Sterling lately. Pair is up significantly after the press conference of the central bankers.
Gbp/Usd failed stay above 1.3030 level, correction movement continues before UK PMI data. We have a busy week ahead of us for both dollar and Pound which would change the trend.
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.3028, adding 0.16%. I believe that support is now at around 1.2703, Monday's low, and resistance is likely at 1.3030, the high of Friday's trading.
The British pound recorded a volatile session against the US dollar on Monday. The currency pair opened at 1.3002 and finished 65 pips lower. If the direction goes down, the pair will probably break the first support at 1.2700. On the upside, the pound will move to resistance at 1.3090.
Interesting development this week. Big drop, lots of longs taken out.
The British pound was down against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2891, losing 0.61%. I believe that support is now at the level of 1.2868, the low of Friday's trading, and the resistance is likely at the level of 1.3024 - the maximum of Monday.
Immediate support level can be found around 1.2860/63, break below we are looking for further decline.
Looks like it will try to go above 1.29. Interesting to see Wednesday's news.
On Thursday, the dollar did not find the strength to oppose the English currency. New 56 pips were added to pound assets during Thursday's session. The day was found at 1.2882 and the bottom of the bear came in the first minutes of the session at 1.2878. For almost the whole day, he had been subject to the whispers. The course reached a peak of 1.2954. At the end of the day a British pound was exchanged for $ 1.2938.