ForumSections

GBP/USD forecast - page 96

New comment
The rate of the single currency at the beginning of the session on Thursday managed to rise against the US currency to 1.1746 against the background of the general weakening of the US dollar and the growing crosses with the euro. With the maximum reached, the price dropped to 1,1705. Pressure on it could provide news that former Prime Minister and leader of the party "Forward, Italy" Silvio Berlusconi on a vote of confidence will vote against the new government.
The pair formed a double bottom at 1.3300, so next week there may be a retracement before another move to the downside.
The British pound was down against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.3296, losing 0.63%. I believe that support is now at around 1.3295, the low of Friday's trading, and resistance is likely at 1.3491 - Tuesday's high.
Victoria Jensen:
The pair broke out below 1.3800 and the move to the downside continues. Next target is likely around 1.3750.
https://www.mql5.com/en/code/20882
Dovish comments from BoE's Governor Carney that the central bank could cut interest rate again in the event of a 'disorderly' Brexit, would push Pound even further on the downside.
The pair is consolidating at 1.3300, but I agree, the move to the downside will likely continue.
The move to the downside seems unstoppable, there may soon be a breakout below 1.3200.
Pound/dollar expanded its bearish move yesterday, making the bottom of 1.3204. Signals remain bearish for testing 1.3150 in short terms. The closest resistance is at 1.3285. A clear break above this level can take the price to a neutral zone with testing 1.3350. I'm basically down and every bullish pressure should be considered as a good sales opportunity. On the downside, a clear breakthrough and daily closure below 1.3150 could open the doors to the psychological level of 1.3000 this week.
The British pound fell against the US dollar on Tuesday. The currency pair opened at 1.3307 and ended at 1.3249. The pound in the early hours of European trade fell sharply, breaking the level of support at 1.3300, reaching bottom for the day of 1.3204. In the event of a resistance break at 1.3300, we would expect a test at a level of 1.3456.
GBP/USD
Key levels to watch for:
Support: 1.3220;
Resistance: 1.3300; 1.3456;
1...8990919293949596979899100101102103...128
New comment