GBP/USD forecast - page 83

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Pound / dollar made momentum up yesterday, forming a peak at 1.3917. Expectations are bullish in the near future. The price now tests the upper limit of the downward channel, located around 1.3930 / 40. A clear breakthrough and daily closing over the price channel will become a serious threat to the downward correction phase with 1.4000 testing. The first support is at 1.3860. A clear breakthrough below this level may take the price to a neutral zone with test support of 1.3800 - 1.3750. Major bullish views remain valid, but we need a clear breakthrough of at least over 1.4000 to test the resistances of 1.4275.
 
It almost reached 1.4000 today. There may be a breakout above that level in the next few days.
 
The pair is still consolidating below 1.4000 but it will probably attempt to break out above that level again soon.
 

GBP/USD eased few pips below the 1.40 barrier. Indicators on H4 have lost directional strength so the pair might stay in consolidation mode until next key event sets direction.

 
Pound / dollar was indecisive yesterday, but still managed to hold upward intraday signals. The downward price channel violation supports these bullish signals. The outlook is upwards, especially if the price can make a clear break above 1.4000 for testing the region 1.4070 - 1.4100. Day support is 1.3925 (yesterday's bottom). A clear break below it can take the price to a neutral zone, the direction will become obscure, testing at 1.3875 or lower. Upwards a clear break and daily closure above 1.4070 - 1.4100 will take the cost of retesting the key resistance 1.4275. Basically, I'm staying in the bulls camp.
 
The pair bounce off from 1.3990 again. It will likely fall back to 1.3900.
 
GBP/USD bounced off from 1.3890 and the sideways consolidation likely won't end before next week.
 
The Sterling seems to strengthen.
 
Ari Goldman:
The Sterling seems to strengthen.

It was because of the Brexit deal which was supposed be considered today.

 
Ari Goldman:
The Sterling seems to strengthen.

It rallied to 1.4085 but the question is whether that was temporary or it will break out above that level too.

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