The GBP/USD, good technical round number levels

[deresel]

Key levels to watch for:
Support: 1.2034; 1.1627;
Resistance: 1.2314; 1.2425;

 

[victoriajensen]

For now the pair is retracing after the considerable move to the upside yesterday. The closest target is likely around 1.2245, which is the (MA)89 indicator on the four-hour time-frame.

 

[csc2009]

Yesterday's gain seems short-lived, the Pound has pulled back and risk remain towards the downside, next resistance level can be found at 1.2200/2190 zone. Uncertainty is still high, many unknown still ahead of us.

 

[fxstrategist]

The GBPUSD drops below the 1.2300 level, but it may try to visit one more time the 55 day EMA around the 1.2372 level.

 

[idimitrov]

Pound/dollar has strong momentum down yesterday, formed a bottom at 1.2253. Currently the price tests 1.2270 resistance. A clear break above this level will take price to neutral trading zone testing 1.2400. The bias is neutral, possibly with slight bearish signals in the short term to test 1.2100 - 1.2080. Immediate support is seen at 1.2200.

 

[victoriajensen]

The pair bounced off 1.2250 after forming a spinning top candlestick on the four-hour time-frame. Next target is likely 1.2345.

 

[csc2009]

The pair is in a short term consolidation mood just above 1.23 level, with upside limited around 1.2350/40 zone. Focus turn to Trump tomorrow.

 

[victoriajensen]

GBP/USD is testing the support at 1.2250 yet again. A breakout below that support will likely lead to a further drop towards 1.2100.

 

[csc2009]

Trump's inauguration speech may increase volatility but Gbp/Usd did not change much, still trading in a range, consolidation seems continue, strong resistance level can be found around 1.2415/2420 zone.

 

[victoriajensen]

The pair is still quite bullish. A breakout above 1.2460 will likely lead to a further move to the upside towards the resistance at 1.2530, which is the (MA)89 indicator on the daily time-frame.