The GBP/USD, good technical round number levels

[fxstrategist]

The weak fundamentals out of the UK have pressured the Pound to the downside, along with the uncertainty surrounding the Brexit. The GBPUSD falls to the 1.3157 level and it may continue lower, maybe reaching the 1.3000 level where we can find the 200 day EMA. Above the 1.3200 level, its next resistance is at the 1.3300 level.

 

[idimitrov]

The British pound recorded a modest rise against the US dollar on Wednesday. The session started at 1.3188 and the pair added 16 pips. Graphics continued to grow below moving averages, while the relative strength index remained neutral. Attitudes remain positive, with more serious testing than the current 1.3260.

 

[victoriajensen]

GBP/USD bounced off yet again from the (MA)89 indicator on the daily time-frame at 1.3090. That said, it's doubtful it will break out above 1.3200 before the market closes for this week.

 

[csc2009]

Gbp/Usd is neutral, showing no clear directional strength for now. Market continue to focus on any further Brexit development and we have UK GDP this week too.

 

[victoriajensen]

GBP/USD broke out above 1.3200 and continues moving to the upside. Next target is likely the previous high at 1.3328. A breakout above that level could lead to a further move to the upside towards 1.3400.

 

[idimitrov]

The British pound fell against the dollar: the pair GBP/USD dropped by 0.14% to 1.3245. Investors are fixing profits after the increase on Wednesday. On Wednesday, the British pound rose in price by 1% after the release of the report on the acceleration of GDP growth in the UK in the third quarter, which increased the chances of raising the interest rate by the Bank of England next month.

 

[csc2009]

Gbp/Usd is consolidating in the negative territory just above 1.31 level, showing no clear directional strength.

 

[victoriajensen]

GBP/USD is testing the resistance at 1.3270 of the sideways consolidation yet again. A breakout above that level could lead to a further move to the upside towards 1.3340.

 

[victoriajensen]

GBP/USD dropped sharply after the news that the Bank of England has hiked the interest rate from 0.25% to 0.50% but it still hasn't broken out below the support at 1.3030. The fundamentals tomorrow may give it the necessary push to do that.

 

[deresel]

Pound / dollar had a strong bearish momentum yesterday, after failing to break above the key resistance of 1.3330, reaching a bottom at 1.3042. The commercial signals are bearish for testing the daily EMA 200, located in the 1.3000 area. This region remains a good place to buy with tight stops, as a clear break and a daily / weekly closure below 1.30 will stem the main upside trend with a potential downside reversal scenario. The closest resistance is seen at 1.3135, whose breakthrough can take the price to a neutral zone with testing at 1.3200.