GBP/USD forecast - page 98

New comment
 
The retracement was pretty short-lived, the pair is moving to the downside again and it will likely reach 1.3250.
 
The sideways consolidation continues, the pair is testing the resistance at 1.3380 and a breakout above it could lead to a further move to the upside above 1.3400.
 
It formed a pair of shooting star candlesticks at 1.3440 on the four-hour time-frame, there may be a new move to the downside.
 

GBP/USD is losing momnetum. The vulnarable Pound is affected ahead of next Brexit talks and dropped the pair around 1.3400. I expect further declines towards the support at 1.3390.

 
It's certainly forming a retracement, next target could be around 1.3450.
 
GBP/USD
Key levels to watch for:
Support: 1.3300;
Resistance: 1.3460; 1.3655; 1.3850;
 
The British pound recorded a volatile session against the US dollar on Thursday. The currency pair opened at 1.3410 and the price bounced from the first resistance at 1.3465. Eventually, the pound ended at 1.3421 and if the direction continued upward, we could expect a new first resistance test at 1.3465. On the downside, the pair will head to the first support at 1.3310.
 
GBP/USD reacts to the upside this week. I think we can see 1.35 next week.
 
It will most likely reach at least the last high at 1.3470 and it may break out above that level.
 
Although GBP/Usd is trading above 1.34 level, the upside is capped at 1.3450 level while market awaits for further Brexit developments, UK Brexiteers and EU leaders continue having trouble to find a common ground.
1...919293949596979899100101102103104105...128
New comment
Reason: