GBP/USD forecast - page 80

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Key levels to watch for:
Support: 1.4015; 1.3850; 1.3650;
Resistance: 1.4315;
 

GBP/USD moved lower today and marked low at 1.3931 before refuming the up-move. Currently the pair is trading at 1.3995 and  yet finds difficulties to fight the 1.40 level. To confirm the bullish trend the pair will need first to advance beyond 1.4025.

 
Pound/dollar was hesitant yesterday. The views remain neutral, possibly with slight downside signals for testing at 1.3900. Immediate resistance is at 1.4050. A clear breakthrough and daily closure above this level may cause future bullish pressure to test 1.4150. But as long as the price stays below 1.4275, we can see a further downward correction to the trendline support line.
 
Next week Brexit will be back on the agenda, the UK government seems now has an idea of what kind of post-Brexit deal they want, a Canada-style. Market expecting a stronger Pound with softer Brexit.
 

The pound recorded a volatile session against the dollar on Friday. In the end, trade ended in favor of the British currency, but the increase was negligible. If the bulls increase their influence, the pair will test the resistance at 1.4147. The session was opened at 1.3952 and the final was 14 pips up. The difference between the highest and the lowest was 100 pips.

 

Interesting levels to watch for:

Support: 1.3821; 1.3762;

Resistance: 1.4147; 1.4280;

 
The pair is consolidating sideways for now. Next target to the upside is likely around 1.4000.
 
The pair bounced off from 1.4070 and is now back at 1.3900, if it continues falling it could reach 1.3800.
 
Pound/dollar was indecisive yesterday. The price attempted to rise up with a peak of 1.4069 but closed lower at 1.3966. Views are neutral. As a whole, I stay bullish but the longer the pair stays inside the downward channel, the price is still in the downward correction phase. Immediate support is seen at 1.3927 (Monday's bottom). A clear break below this level may lead to further bearish pressure for testing 1.3850. Short-term resistance is 1.4050, followed by 1.4100. A clear break above 1.41 and a bearish canal can become a serious threat to the bears' correction phase.
 
The pair broke out below 1.3800 and the move to the downside continues. Next target is likely around 1.3750.
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