The GBP/USD, good technical round number levels

[idimitrov]

The British pound recorded a volatile session against the US dollar on Tuesday. The currency pair opened at 1.3027 and finished just 4 pips lower. Graphics continued to grow above the creeping averages, while the relative strength index remained neutral. If the bullish trend keeps the pair will focus on the resistance at 1.3090.

 

[deresel]

The British pound record also recorded a significant increase against the US dollar on Wednesday. The currency pair added 97 pips and the pound managed to break the first resistance at 1.0390. Daytime extreme values were reached at 1.3000 and 1.3123 respectively. If the price continues to rise, we can expect a resistance test at 1.3270.

 

[deresel]

Key levels to watch for:
Support: 1.3090; 1.2700; 1.2516;
Resistance: 1.3270.

 

[csc2009]

Gbp/Usd support level can be found at today's low 1.3050, downward movement seems limited short-term, I'm expecting correction movement before downside continues.

 

[idimitrov]

The British pound also recorded a decline against the US dollar on Thursday. Session started at 1.3120 and the pound lost 56 pips. Graphics continued to grow above the creeping averages, while the relative strength index remained neutral. Establishing the pair above 1.3090 will be indicative of the interest of the bulls, whose next target is the resistance at 1.3270.

 

[csc2009]

Bullish consolidation may clear the pair to the way up if break above resistance around 1.3150/60 zone.

 

[csc2009]

Gbp/Usd remains in the positive territory while pulled back starts corrective movement. Resistance can be found at 1.3245, break above leads to further gain.

 

[csc2009]

The pair continues consolidating its gains ahead of BoE monetary policy meeting tomorrow. Resistance can found at 1.3250 and follow by 1.3300.

 

[csc2009]

Gbp/Usd took reverse turn followed by the BoE's decision remain its low rate unchanged and found support at daily low 1.3110. The pair consolidating on the downside ahead of US Non-farm payroll.

 

[deresel]

The dollar pulled 84 pips out of the pound. At the beginning of the day one British pound was exchanged for $ 1.3198, and the course headed for resistance at 1.3250. By noon the bulls managed to break through and peaked at 1.3265, but three hours later the bears took their bottom at 1.3112. The last quotation for the day was 1.3137.