GBP/USD

Until Brexit negotiations become a little clearer I reckon pound will shuffle along sideways.

Sell the 1.30s and buy the 1.28s imo which may get tested again as the Brexit camp re-enforce and counter attack the softening Brexit arguments.

Norway model branded about apparently. Hard core peeps not happy. As long as this continues I think the pound will hug these levels. No change on PP at 1.29 for me.


:whistling
 
The British pound was down against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2891, losing 0.61%. I believe that support is now at the level of 1.2868, the low of Friday's trading, and the resistance is likely at the level of 1.3024 - the maximum of Monday.
 
Have been waiting for some downside pressure from Brexit... seems it was sidelined as major focus is on Federal Reserves, ECB and BoE. Some political events may be really misguiding, we underestimate or overestimate them but never hit the mark :)
 
Immediate support level can be found around 1.2860/63, break below we are looking for further decline.
 
I agree, the pair is still consolidating above 1.2860, but a breakout below that support could lead to a further drop towards 1.2800 at least.
 
The pair short term bounce above 1.29 level, political uncertainty still drives the Pound, 1.3000 appears to be strong resistance.
 
The pair bounced off from 1.2860 after forming several very telling candlesticks above that level on the four-hour time-frame - namely an inverted hammer candlestick, a hammer candlestick and a doji candlestick. Next target is likely the last high at 1.2926.
 
GBP/USD not only reached 1.2926 but broke out above that level and reached a high 1.2955 before forming a shooting star candlestick on the one-hour time-frame and bouncing off the aforementioned high. Next target is likely 1.2900 or 1.2890, which is the (MA)89 indicator on the same one-hour time-frame.
 
GBP/USD bounced off from 1.2910 and moved to the upside, forming a new high at 1.3010. The next high is at 1.3030 and a further move to the upside towards that target is quite likely.
 
On Thursday, the dollar did not find the strength to oppose the English currency. New 56 pips were added to pound assets during Thursday's session. The day was found at 1.2882 and the bottom of the bear came in the first minutes of the session at 1.2878. For almost the whole day, he had been subject to the whispers. The course reached a peak of 1.2954. At the end of the day a British pound was exchanged for $ 1.2938.
 
Pound / dollar had a rising impulse yesterday, breaking the resistance 1.2925 after rebounding from the daily EMA 200, as seen on the daily chart. This fact closes the scenario of the downward pin bar. Expectations are up for testing the resistance of 1.3000 - 1.3050, which remains a good place to place sales with narrow stops above 1.3050. The closest support is seen at 1.2900. A clear breakthrough below this level can take the price to a neutral zone, the direction will become obscure, potentially testing 1.2850 / 15. I basically remain neutral to this pair.
 
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.3100, adding 1.24%. I believe that support is now at around 1,2808, Wednesday's low, and resistance is likely at 1.3095, the high of Friday's trading.
 
The pair is consolidating last week gain around 1.3100 level, immediate resistance at 1.3170, break above would mean further upward trend.
 
GBP/USD finally found some resistance at 1.3110 and bounced off from that level after forming a shooting star candlestick on the four-hour time-frame. Next target is likely at 1.3000.
 
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