GBP/USD forecast - page 82

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The GBPUSD finds some resistance at the 1.3900 level, the latest rise seems weak and the pair may drop back down. Even if the GBPUSD continues rising, the 1.4000 zone could act as a better resistance.
 
The sideways consolidation around 1.3900 continues, hopefully the fundamentals by the end of the week will end it.
 
The pair bounced off from 1.3900 and is currently testing the support at 1.3800, the question is whether it will break out below that level.
 
The pair slides further, now 1.38 is critical. Indicators on H4 are showing strong bearish momentum so GBP/USD might test 1.3760.
 
GBP/USD consolidating around 1.38.
 
Pound / dollar had a bearish momentum yesterday, reaching bottom at 1.3781. The views are bearish for testing 1.3750 - 1.3700 as part of the downward correction phase. Resistance for the day is 1.3835. A clear breakthrough over it could take the price to a neutral zone with testing at 1.3900, but as long as it stays in the downward channel, the price is still in the bears' correction phase. In the downside, a clear break and a daily / weekly closing below 1.3700 will open the doors to 1.3600 and the trendline support next week.
 
Ari Goldman:
GBP/USD consolidating around 1.38.
I agree, that consolidation likely won't end before the beginning of next week.
 
The pair is testing the resistance at 1.3900 again, if it breaks out above that level it will likely continue moving to the upside towards 1.3930.
 
The pound gained positions against the dollar on Friday. The British currency justified the positive expectations and recovered some of the losses from the previous session. If the upward trend continues, the pair will break the resistance at 1.3930. Trade was open at a rate of 1.3806, and the pound added 38 pips to its value to the final. Peak for the day was reached at 1.3888.
 
GBP/USD
Levels to watch for:
Support: 1.3711; 1.3643;
Resistance: 1.3930; 1.4147;
1...757677787980818283848586878889...128
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