GBP/USD forecast - page 92

[deresel]

GBP/USD
Key levels to watch for:
Support: 1.3460; 1.3300;
Resistance: 1.3655; 1.3850; 1.4015;

[Cougar512]

Pound/dollar resumed momentum down yesterday, making the bottom at 1.3554. I think the price convincingly breaks the trendline of support, which not only resolves the main bullish trend, but may be a sign of a downward reversal. Expectations remain down for testing at 1.3500 - 1.3460 in a near perspective. Immediate resistance is at 1.3625, whose breakthrough can take the price to a neutral zone for testing of 1.3660. But while the pair remains below 1.3710, I still prefer the bearish scenario and any upward pressure should be considered a good opportunity for short positions.

[Szymon Palczynski]

That view alone will guarantee you a good price. Scalp GBPUSD and GBPJPY

[Victoria Jensen]

The pair is still very bearish, it will likely continue falling towards 1.3500.

[Anton Blood]

Yes, I think Cable still in strong bearish position. If they break on 1.3500 the price is will more down...

[Анна Орлова]

Daily

GBP / USD is very much oversold, oscillators signal for long. GBP / USD ran away from Tenkan.

[Victoria Jensen]

Anton Blood:
Yes, I think Cable still in strong bearish position. If they break on 1.3500 the price is will more down...

I agree. There will likely be a breakout below 1.3500 at the beginning of next week.

[fxstrategist007]

Good drop on the GBPUSD, the pair may continue dropping to the 1.3400 level, but for now the 1.3500 is acting as support. 

[Victoria Jensen]

The pair found some support at 1.3485. There may be a retracement to 1.3600.

[Victoria Jensen]

After testing the support at 1.3485 again the pair formed a double bottom at that level. There will likely be a retracement towards 1.3600.