GBP/USD forecast - page 48

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The British pound recorded a decline against the US dollar on Tuesday. The pair lost 38 pips at a closing price of 1.2197. Daily extreme values ​​were reached respectively at 1.2251 and 1.2168. Bearish sentiment retain its dominance at present, as confirmed break of 1.2150 will enable the continuing decline.
 
Key levels to watch for:
Support: 1.2150;
Resistance: 1.2360; 1.2516; 1.2700.
 
the pair seems to consolidate ahead of triggering art. 50 this month. i'd wait to buy below 1.20.
 
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2170, gaining 0.04%. I believe that support is now at 1.2134, Thursday's low, and resistance is likely at 1.2302, Monday's high.
 
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2170, gaining 0.04%. I believe that support is now at 1.2134, Thursday's low, and resistance is likely at 1.2302, Monday's high.
 
The GBPUSD si kind of forming a symmetrical triangle on the daily chart. It is really a consolidation, but the pair may continue dropping.
 
Key levels to watch for:
Support: 1.2420; 1.2290; 1.2120;
Resistance: 1.2558; 1.2690.
 
Testing resistance this week
 
The British pound was down against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2473, losing 0.38%. I believe that support is now at 1.2333, Monday's low, and resistance is likely at 1.2532, Thursday's high.
 
GBP/USD held its ground after Article 50 was triggered. The pair looks strong enough to make a move to the upside next week. 
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