GBP/USD forecast - page 81

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3700 sell
 
The pair dropped to 1.3710 and bounce off from that level, now is back at 1.3750. It may continue retracing to 1.3800.
 
The pair has formed a clear hammer candlestick on the daily time-frame at 1.3785, next week there will probably be a new move to the upside.
 
The Pound looks bullish to me, id consider long next week.
 
GBP/Usd continue to trade in a tight range, remains in the negative territory. Immediate support level can be found at 1.3710, break below would lead the pair decline further.
 
Ari Goldman:
The Pound looks bullish to me, id consider long next week.
I agree, next target will likely be around 1.3880  or even at 1.3900.
 

GBP/USD is moving within narrow range, but the downside yet remains vulnerable. First target for the bears is provided by the 23.6% Fibo at 1.3810.

 

The British pound recorded increase against the US dollar on Monday. The currency pair opened at 1.3796 and ended at 1.3848. Reaching the highest daily values ​​at 1.3876, the price continues its upward movement from Friday and would test the first resistance level at 1.3917. With a successful break of 1.3917, the pound would head to 1.3990.

 

GBP/USD

Interesting levels to watch for:

Support: 1.3762; 1.3709; 1.3615

Resistance: 1.3917; 1.3990;

 
The pair is currently testing the resistance at 1.3900 and it will likely break out above that level to rally towards 1.4000.
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