The GBP/USD, good technical round number levels

[csc2009]

Gbp/Usd continue to struggle regain the 1.25 level, risk remains on the downside. Next support level can found around 1.2380 and follow by 1.2345.

 

[idimitrov]

Pound/Dollar had a moderate bullish momentum yesterday, topped at 1.2482. The bias is neutral in nearest term. Immediate resistance is seen at 1.2520. A clear break above that area could trigger further bullish pressure to test 1.2580. On the downside, first support is 1.2435. A clear break below could lead to bearish pressure testing 1.2380/40.

 

[deresel]

The pound recorded a sharp rise against the dollar on Thursday. British currency acquitted positive expectations and recorded substantial progress against the dollar. So the pound offset losses and get out of the narrow range in which varied past few sessions. Meanwhile, resistance at 1.2524 has been overcome and if bullish sentiment continues, the pair will test the level at 1.2576.

 

[deresel]

The pound recorded a sharp rise against the dollar on Thursday. British currency acquitted positive expectations and recorded substantial progress against the dollar. So the pound offset losses and get out of the narrow range in which varied past few sessions. Meanwhile, resistance at 1.2524 has been overcome and if bullish sentiment continues, the pair will test the level at 1.2576.

 

[deresel]

Key levels to watch for:
Support: 1.2382; 1.2345;
Resistance: 1.2524; 1.2576.

 

[csc2009]

Gbp/Usd continues under pressure, found immediate support level at 1.2390, it seems still room on the downside.

 

[csc2009]

Potential Scottish independence referendum has ''kicked in'', further decline accelerating push the pair to support level at 1.2380.

 

[idimitrov]

On Tuesday, trading in Europe is relatively quiet. In anticipation of the President's speech the United States, major currency pairs traded in limited price ranges.
GBP/USD is consolidating in the range 1,2412-1,2450. The mood against the pair remains negative due to the growth of EUR/GBP. It will change in a positive way, if there is a break above 1.2452. Increasing the price above this level could provide a fresh impetus for a breakthrough to 1.2480.

 

[csc2009]

The uncertainty from the possibility of Scottish independence referendum continue give downward pressure on Pound, the pair has already broke below 1.2380 and I'm looking at potential target at 1.2200 level.

 

[victoriajensen]

The uncertainty from the possibility of Scottish independence referendum continue give downward pressure on Pound, the pair has already broke below 1.2380 and I'm looking at potential target at 1.2200 level.

I agree, the pair will likely soon reach 1.2200. It already broke below 1.2300 and is very bearish for now.