GBP/USD forecast - page 84

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It did bounce off from 1.4085. If it breaks out below 1.3980 it may fall towards 1.3930.
 
The GBPUSD has found a good resistance at the 1.4041 zone where we can find the 200 week EMA, but a breakout of that zone could take the pair to the 1.4300 level where we can find the 55 month EMA.
 
The fundamentals pushed the pair to the upside and it broke out above 1.4100. It will likely continue rising towards 1.4150.
 
It's back at 1.4100, the move to the downside will probably continue towards 1.4050.
 
The GBPUSD reaches the 1.4200 level and stalls at that zone with the 1.4100 level as a support.
 
fxstrategist007:
The GBPUSD reaches the 1.4200 level and stalls at that zone with the 1.4100 level as a support.


It will probably continue consolidating until the beginning of next week.

 
GBPUSD has been tough to follow lately.
 
What would you suggest for a Rookie like myself for the new week regarding the pair, should I wait for it to hit the support at 1.8405 for a potential buy or perhaps pend an order “Buy Limit” at that level. Or execute a Sell position at the moment
 
The pair continued moving to the upside today. It broke out above 1.4200 and it will likely continue rising towards 1.4250.
 
Pound / dollar had a significant upward momentum yesterday, sliding over the "tail" of the downward pin bar. This fact should invalidate the bearish scenario on the bearish pin bar. The prospects are bullish to test the key resistance 1.4275 - 1.4344. Intraday support is 1.4190. A clear breakthrough below this level could take the price to a neutral zone with 1.4125 testing. But as a whole, I stay in the bulls camp and every downward pressure should now be seen as a good opportunity for purchases.
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