The GBP/USD, good technical round number levels

[csc2009]

GBP/USD continued falling today. It broke below the support at 1.2350 and its next target will likely be at 1.2300.

I agree, the Pound pressure remain on the downside, next immediate support zone around 1.2220/30.

 

[victoriajensen]

I agree, the Pound pressure remain on the downside, next immediate support zone around 1.2220/30.

Indeed, the pair is quite bearish despite the holidays. It might even move towards 1.2160 - 1.2150 in the next few days.

 

[victoriajensen]

The pair continues moving to the downside and it will soon test the support at 1.2220. It would be unsurprising if it breaks below that level too.

 

[idimitrov]

Dollar drops in the end of New Year in a weakened trade.
The British pound jumped by 0.25% to 1.2258 against the dollar, after falling to a two-month low 1.2201 the previous day.

 

[deresel]

Key levels to watch for:
Support: 1.2211; 1.2136;
Resistance: 1.2393; 1.2492.

 

[deresel]

GBP/USD - buy on 1.2277

• Stop: 1.2315
• Limit: 1.2118
• Time frame: 4 days

 

[csc2009]

Year 2017 is all about Brexit and will very likely keep Pound still under pressure, upside strength seems limited at 1.2390/80 zone.

 

[deresel]

The pound recorded a second consecutive loss against the dollar on Tuesday. The British currency continued negative momentum and as a result, the pair managed to break through the first support at 1.2237. Meanwhile the pair tested the second key level at 1.2197 after hitting bottom for the day at 1.2199, but the breakthrough was postponed. Tuesday session started at a price of 1.2270 and the rate of closure was 1.2236.

 

[deresel]

The pound recovered ground against the dollar on Wednesday. The couple managed to get away from the support at 1.2197 and the breakthrough of the level was postponed. Short-term indicators remain in favor of the British currency. The session started at 1.2235, and the finale was put 88 pips higher. The trend was bullish, the highest value for the day was reached at 1.2352.

 

[deresel]

Key levels to watch for:
Support: 1.2197;
Resistance: 1.2425.