The GBP/USD, good technical round number levels

[victoriajensen]

GBP/USD is testing the support at 1.2840 and a breakout below that support level could lead to a further drop towards the next support 1.2790 - 1.2800.

 

[csc2009]

GBP/USD is testing the support at 1.2840 and a breakout below that support level could lead to a further drop towards the next support 1.2790 - 1.2800.

I agree, the pair break below the immediate support level at 1.2840, would confirm further decline.

 

[idimitrov]

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]

I agree, the pair break below the immediate support level at 1.2840, would confirm further decline.

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.

 

[idimitrov]

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.

 

[csc2009]

Gbp/Usd has been consolidating for three weeks on the downside due to low demand on Pound. Political uncertainty after Brexit is still driving the pair. Immediate support can be found around 1.2830 level.

 

[idimitrov]

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]

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.

 

[idimitrov]

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]

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.