The British pound recorded a modest decline against the US dollar on Thursday. The session began at 1.2890 and ended 23 pips lower. Graphics continued to grow below moving averages, while the relative strength index remained neutral. If the direction goes down, the target will be the first support at 1.2700.
victoriajensen
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The consolidation above 1.2840 continues and it is unlikely that the pair will break out below that support before the market closes today. Next week though there might be a further move to the downside.
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.2878, gaining 0.08%. I believe that support is now at around 1.2832, the low of Friday's trading, and the resistance is likely at 1.3024, Monday's high.
The pound/dollar currency pair registered a volatile session on Friday. The session started at 1.2867 and finished 8 pips higher. During the day the support at 1.2860 was broken, and it was enough for the bears to score at 1.2831. Peak for the day was reached at 1.2915.
victoriajensen
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GBP/USD may bounce off from 1.2880 which is the (MA)89 indicator on the daily time-frame and move to the upside towards 1.2925 - 1.2930. That said, considering the shooting star candlestick at 1.3265 on the weekly time-frame, which is still a valid signal for a move south, the overall drop may not be over yet.
The pound rose by 34 pips against the US dollar on Monday. The session was opened at 1.2864, and the last day's quote was 1.2898. During the day, the support at the 1.2860 level broke down, with the bears recording lows at 1.2849. Bulls peaked at 1.2915.
victoriajensen
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GBP/USD did break out below the support at 1.2880 and continued falling. A breakout below the previous low at 1.2830 could lead to a further move south towards 1.2700 or even 1.2680.
Yeah its highly likely the pound will depreciate more as economy pickup slows and traders turn bearish on the currency. Have 1 lot sell stop at Нotforex, hope to get it filled soon.
The dollar took 76 pounds of pound assets during trading on Tuesday. The session started at 1.2898, and the bulls prevailed over the bears only in the first four hours, reaching a peak of 1.2908. From that moment of the day, bear players dominated the market and led the course to the bottom at 1.2810 after the support was broken at 1.2860. At the end of the day, the currency pair was 1.2822.
fxstrategist
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Gbpusd
Weakness continues on the GBP/USD below the 1.2800 level. The pair may try to drop to the 1.2700 level and to the upside, the 1.2842 level may act as resistance.
Weakness continues on the GBP/USD below the 1.2800 level. The pair may try to drop to the 1.2700 level and to the upside, the 1.2842 level may act as resistance.
arigoldman
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Difficult to trade lately... I hope it gets more clear next week.
Gbp/Usd might take u-turn next week.
victoriajensen
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GBP/USD bounced off from 1.2975 after forming a spinning top candlestick on the four-hour time-frame at that level. It will likely retrace back to 1.2900, which is the (MA)89 indicator on the same four-hour time-frame.
Only after Draghi meeting, it will stay at current levels maybe till NFP, as UK economy is the known case, no mysteries with BoE as well.
fxstrategist
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Gbpusd
A long upper shadow has been left on Tuesday's daily candle above the 55 day EMA on the GBPUSD. That could be a sign of a shooting star pattern, which is a bearish reversal formation, indicating a possible bearish bounce on the GBPUSD in the short term.
A long upper shadow has been left on Tuesday's daily candle above the 55 day EMA on the GBPUSD. That could be a sign of a shooting star pattern, which is a bearish reversal formation, indicating a possible bearish bounce on the GBPUSD in the short term.
arigoldman
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The pair is difficult to trade lately. I'm waiting for better days.
Pounds appear to have limited movement around 1.2950/60 giving that Brexit negotiations are going nowhere.
victoriajensen
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GBP/USD moved to the upside today and finally reached the resistance at 1.3030. A breakout above that level could lead to another rally to 1.3100.
