The GBP/USD, good technical round number levels

The GBP/USD sideways consolidation continues. That said, the pair has formed a shooting star candlestick on the daily time-frame at 1.3655, so there might be a deeper move to the downside, should the pair break out below 1.3460.
 
The British pound was down against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3510, losing 0.53%. I believe that the support is now at the level of 1.3452, the minimum of Wednesday, and the resistance is likely to be at 1.3658 - the maximum of Wednesday.
 
Lack of progress of Brexit negotiation bring the Gbp/Usd correction lower, found support level around 1.3440/50 zone.
 
Apart from the shooting star candlestick on the daily time-frame at 1.3655 GBP/USD also formed a spinning top candlestick at the same level on the weekly time-frame, further confirming that there will likely be a new move to the downside even though the pair is still testing the support at 1.3450.
 
The British pound recorded a neutral session against the US dollar on Tuesday. The currency pair opened at 1.3462 and after a volatile session the pound lost only 4 pips. If the price goes up, the pair will target the resistance at 1.3600. Otherwise, in the downside, maybe there will be a first support test at 1.3440.
 
GBP/USD bounced off from the support at 1.3340 and broke out above 1.3375, which is the (MA)89 indicator on the four-hour time-frame. The rally will probably continue towards 1.3500.
 
GBP/USD tested the support at 1.3340 - 1.3350 and bounced off from it again, forming a double bottom - a further signal for a new move to the upside.
 
Last edited:
The British pound also posted an increase against the US dollar on Thursday. The session started at 1.3384 and ended at 1.3439. Graphics continued to evolve between creeping averages, while the relative strength index remained neutral. In the short term, prospects remain neutral, and the 1.3260 and 1.3440 levels are indicative of the upcoming direction.
 
The British pound was down against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3397, losing 0.33%. I believe that the support is now located at the level of 1.3343, the low of Thursday, and resistance is likely at 1.3572 - Monday's high.
 
Back
Top