The GBP/USD, good technical round number levels

[csc2009]

Market fear the uncertainty of Trump's policies, Pound is going up against dollar, immediate resistance level can be found at 1.2547 level.

 

[idimitrov]

The decline of the dollar supported the pound sterling, which reached a peak of six weeks, while investors predicted that the British High Court later on Tuesday will make a decision about that to start formal negotiations on the withdrawal from the European Union the government needs the approval of Parliament.
The pound reached a high of $1.2538 - the maximum against the dollar since December 15, but then fell slightly to $1.2505.

 

[deresel]

The pound recorded significant increase against the dollar on Monday. The session started at 1.2375 and ended at 1.2533. After steady upward movement the price managed to break the first resistance at 1.2516. If the upward trend continues we can expect a test of the next resistance at 1.2700.

 

[deresel]

Key levels to watch for:
Support: 1.2516; 1.2360; 1.2150;
Resistance: 1.2700.

 

[idimitrov]

The dollar was trading close to a 7-week low against a basket of other major currencies amid lingering market concerns about the protectionist policies of Donald Trump. The weakness of the dollar reflects concerns about the uncertain economic Trump policy, as well as fears that his protectionist stance can reduce corporate earnings and become a brake on economic growth.
On Monday, Trump has initiated a formal process of US withdrawal from participation in the Trans-Pacific Partnership (TPP). It separates the United States from its Asian allies.
Trump also announced his intention to renegotiate the North American Free Trade Area (NAFTA) with Canada and Mexico to the conditions more favorable for the United States.
The pound fell slightly against the dollar. The pair GBP/USD slipped by 0.34% to 1.2488.

 

[csc2009]

Pound's upward trend has suffered shortly, the pair is consolidating after UK Government lost Supreme Court case over Article 50. Next resistance level can be found around 1.2550, break above upward trend might extend further.

 

[victoriajensen]

GBP/USD finally broke above the (MA)89 indicator on the daily time-frame despite the hanging man candlestick it had formed below it on the same time-frame. The move to the upside continues, next target is likely 1.2600 - 1.2620.

 

[fxstrategist]

The GBPUSD breaks above the 1.2600 level and if it confirms such breakout, it may try to reach the 1.2800 level.

 

[csc2009]

The GBPUSD breaks above the 1.2600 level and if it confirms such breakout, it may try to reach the 1.2800 level.

True, best performance for Pound, hit 6 weeks high. Once 1.2650 windows open, next target will be 1.2700/50 zone.

 

[fxstrategist]

The initial rally on the GBPUSD during today's session was short-lived, the pair drops below the 1.2600 level and it may reach the 1.2500 level.