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GBP/USD forecast - page 85

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It finally bounced off from 1.4245 although it is currently moving to the upside again, so it may test that resistance again too.

GBP/USD suffered huge drop and marked lowest level for a week. The pair bounced from the intraday low at 1.4065 but remains vulnerable around 1.4210.
The pair is testing the support at 1.4100 once again, a breakout below it could lead to a further move to the downside towards 1.4050 which is the (MA)89 indicator on the four-hour time-frame.
GBP/USD almost reached 1.4000 again before it started retracing. Next target is likely at 1.4050.
The pair bounced off from 1.4060 and is now testing the support at 1.4000 once again. The question is whether it will break out below it before next week.
The Sterling continues to appreciate, awaiting the NFP to take it further.

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GBPUSD in Ranging.May play for some time

Despite the sharp loses GBP/USD closed the week above 1.40. The pair remains vulnerable around 1.4020, which is broke to the downside might cause fresh selling pressure. 
There is an inverted hammer candlestic on the daily time-frame at 1.4000, the pair will probably bounce off from that level and continue moving to the upside.
The pair did move towards 1.4090 but it is yet to break out above 1.4100. If it does it could rise towards 1.4130.
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