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GBP/USD forecast - page 106

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I agree, the bearish trend is very strong and it will likely continue once the current consolidation ends.
The pair is retracing for now and it may rise to 1.3200 but the trend remains bearish.

GBP/USD is trading higher today on Trump’s positive comments on trade war talks. The price marked a weekly high at 1.3175, but a stong bullish bias will be confirmed only if the pair conquers 1.3200 handle with next target 1.3230.

It bounced off from 1.3210, there will likely be a new move to the downside towards 1.3150.
The GBPUSD is boxed bewteen the 1.3100 level and the 1.3200 level. The bearish trend is still in place in the midterm, but the price may breakout in any direction from the current range between those two levels.
Faring around 1.31 for the week with nothing exciting.
I'm bearish for the week ahead.
The pair bounced off from 1.3080 but it's still consolidating above that level, so next week the move to the downside may continue.
Brexit uncertainty continues to weight in making the pair trading almost flat, but I'm hoping BoE possible rate hike will change it.
The pair is consolidating sideways, next target is likely at 1.3170.
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