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GBP/USD forecast - page 107

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Victoria Jensen:
It bounced off from 1.3210, there will likely be a new move to the downside towards 1.3150.
Good analysis
It bounced off from 1.3170, the sideways consolidation clearly continues for now.

The USD forecast shows the detailed report of the change of the USD price. This is very much helpful because I have used it myself. To know more contact iCloud Support and ask them about the GBP/USD. The histogram of the change report can be used to identify the changing of price per year.

It has almost reached 1.3100, a break out below that level could lead to a further move to the downside towards 1.3070.

BoE raised its interest rate today and on this news the GBP/USD reacted with huge drop, losing 0.65% and marked daily low at 1.3045. The pair succeed to bounce from the low and currently is trading at 1.3058.However to bring back the bullish mode the pair will need to fight first 1.3165 and next 1.3215 and eventually 1.3245. On the other hand bears will need to regain the 1.3000 handle in order to drive the pair down towards 1.2957 (the 2018 low).

The pair is testing 1.3030 and it will likely continue falling towards 1.3000.
The GBPUSD drops as the Brexit negotiations come to an end. the pair drops below the 1.3100 level after consolidating above that level, the bearish momentum may continue towards the 1.2956 low, which could act as support, but the GBPUSD is keeping its bearish trend in the midterm.
It briefly broke out below 1.3000, next week it will likely continue falling.
The lack of progress in Brexit negotiations continue to give pressure to Pounds, UK and EU will resume the Brexit talks in the coming week, the bearish trend is expected to continue.
The pair continues moving to the downside, next target is likely at 1.2900.
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