Support: 1.3440; 1.3260; 1.3100;
I'm sorry i missed selling :(
The British pound also posted an increase against the US dollar on Thursday. The session started at 1.3384 and ended at 1.3439. Graphics continued to evolve between creeping averages, while the relative strength index remained neutral. In the short term, prospects remain neutral, and the 1.3260 and 1.3440 levels are indicative of the upcoming direction.
The British pound was down against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3397, losing 0.33%. I believe that the support is now located at the level of 1.3343, the low of Thursday, and resistance is likely at 1.3572 - Monday's high.
GBP/USD WEEKLY FORECASTING:
Gbp/Usd is consolidating lower, upside seems limited to 1.3660 level. Brexit talks still lack of progress, eyes turn to UK PMI this week.
On the first day of the new week, the Pound/Dollar currency pair lost 107 pips. The day was opened at 1.3380, and not long after the bulls recorded a modest peak at 1.3402. For the rest of the day, the bears dominated and took the course only 6 pips to the support at 1.3250. By the end of the session one pound was exchanged for 1.3273 dollars.
Support: 1.3250; 1.3100;
Resistance: 1.3450; 1.3600; 1.3830;
The pound lost more than a figure against the US currency on Thursday. The last day's quote was 1.3118 or 128 pips from the opening rate of 1.3246. Extreme values for the day were recorded at 1.3249 and 1.3107 respectively. If the trend remains unchanged, it will soon be the first support breach, which is only 7 pips away.
Thursday was fourth consecutive volatile day for the dollar-yen currency pair. The day brought 7 pips to the US dollar assets. Its start was set at 112.74 and its end came at 112.81. During the day the bulls broke the first resistance to record a peak at 112.91 and the bears took their bottom at 112.41.