GBP/USD forecast - page 50

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Initial sales on Thursday clearly showed a negative attitude on the part of market participants regarding the GBPUSD currency pair. This, however, was followed by a sharp and rapid change in sentiment, which triggered the price over the 13-year moving average.
The bounce was strong, although the "cable" managed to correct only half of the downward movement from the previous day. The upward momentum remains up to date, indicating that the price has the potential to realize another ascending impulse.
 
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2889, gaining 0.02%. I believe that support is now at around 1.2845, the low of today's trading, and resistance is likely to come in at 1.2992, Monday's high.
 
Key levels to watch for:
Support: 1.0815; 1.0550;
Resistance: 1.0980; 1.1130; 1.1280.
 

GBPUSD - Buy at 1.2887
BASIC PARAMETERS

• Entry: 1.2887 (per market)
• Stop: 1.2850
• Limit: 1.2966

 
My mistake: wrong currency :D
Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090; 1.3270.
 
Pound / dollar had momentum up yesterday, making a peak at 1.2990. The trade signals are upward, but I note that we need a clear breakthrough over the key 1.2985 resistance for the sequel to the bullish test scenario at 1.3050 or higher. We have immediate support at 1.2930. A clear breakthrough underneath it could take the price to a neutral trading area testing 1.2880.
 
The pound recorded a positive session against the dollar on Wednesday. So the pair came out of the narrow range that the last few days have not been changing. Resistance at 1.2987 was hit for a moment, but very quickly the dollar compensated for the losses and the pair finished below the key levels. Trading on Wednesday was opened at 1.2918, the trend being bullish in most of the time. Peak for the day was reached at 1.2989 and the final was 20 pips lower.
 
Key levels to watch for:
Support: 1.2801; 1.2757;
Resistance: 1.2987; 1.3057.
 
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3037, gaining 0.75%. I believe that support is now at around 1.2864, Tuesday's low, and resistance is likely at 1.3051, Thursday's high.
 
Very good move last week. I'm expecting the upside trend to continue in the next. 
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