The GBP/USD, good technical round number levels

[csc2009]

Bearish gap has been recovered, Pound is back around 1.27 level. ''Soft tone'' on Brexit talk might give the pair a push towards positive territory.

 

[victoriajensen]

Bearish gap has been recovered, Pound is back around 1.27 level. ''Soft tone'' on Brexit talk might give the pair a push towards positive territory.

It did recover the gap, but the pair is very undecided at the moment, whether it will continue climbing remains to be seen. If it does break out above 1.2730 next target will likely be 1.2800.

 

[fxstrategist]

The GBPUSD is still boxed between the 1.2600 and the 1.2800 levels. It may try to continue retracing to the 1.3000 zone.

 

[deresel]

The British pound recorded a fall against the dollar on Tuesday, breaking a five-day winning streak. Price managed to reach more than two-month high at 1.2774, but ultimately GBP/USD depreciated by 53 pips for the day to 1.2677. The price remains above the rising moving averages, as RSI lost positions and levels around Tuesday's high now represents significant resistance that puts the bulls on test.

 

[deresel]

Key levels to watch for:
Support: 1.2545; 1.2350; 1.2090;
Resistance: 1.2775; 1.3045.

 

[idimitrov]

The British pound continued to loose against the dollar for a second day on Wednesday. The pair has depreciated by 53 pips to 1.2624, and traded within the extreme values 1.2682 and 1.2569. Poor manufacturing data from Britain in October reflected on the price, which found support from their 50-period average. The index of relative strength lost positions though, which gives extra confidence of the Bears.

 

[victoriajensen]

GBP/USD bounced off the support at 1.2600 after forming a doji candlestick on the four-hour time-frame and continued climbing. It's currently testing the resistance at 1.2680 and a breakout above that level will likely lead to a further move to the upside towards the previous high at 1.2770.

 

[idimitrov]

The dollar rebounded against a basket of currencies on Thursday after the European Central Bank has stated that they intend to extend their asset purchase program by another nine months, while the US labor market data fell short of the forecast.
GBP/USD rose by 0.12% to 1.2641, near a nine-week high at 1.2776 on Tuesday.

 

[csc2009]

The pair is trading almost flat, seems have lost its downward strength, but the risk remains on the downside, critical support zone lies around 1.2500/20.

 

[fxstrategist]

The GBPUSD if forming like a flag or triangle on the daily chart from where it may head in any direction, but there is a higher probability of breaking to the upside.