GBP/USD forecast - page 109

 
The pair seems to be difficult to get a ride on. 
 
The move to the downside contunues, next target is likely around 1.2660.
 
It is possible that the pair in the next couple of days will grow to 1.2908
 
Pound / dollar attempted to rise up yesterday with peak at 1.2827, but dropped then closed down to 1.2719. The signals remain bearish for testing at 1.2650 / 00. Resistance for the day is 1.2730, whose breakthrough can take the price to a neutral zone with testing at 1.2825. I still prefer the bear camp and any bullish pressure should be seen as a normal move and a good sales opportunity.
 
The pair found some support at 1.2660 but the move to the downside will likely continue.
 
Bullish for now. Next target: 1.2770.
 
Brexit uncertainty weighs in, GBP/Usd upside is limited. Consolidation continues to just above 1.2700 level, resistance can be found around 1.2750/55.
 

GBP/USD is aiming higher although closing at 1.2749, which is marginally lower for the past week and down for a sixth consecutive one. The momentum on H4 is still heading higher and RSI currently at around 52, rather reflecting the bounce from the low set at 1.2661 than suggesting further gains ahead.

 
The government is to begin publishing its Brexit technical notices, prepare the UK consequences of crashing out of the EU without a deal on Thursday. With the high risk of ''no deal'' from Brexit negotiation, Pound continues to perform to the worst.
 
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