The dollar took 76 pounds of pound assets during trading on Tuesday. The session started at 1.2898, and the bulls prevailed over the bears only in the first four hours, reaching a peak of 1.2908. From that moment of the day, bear players dominated the market and led the course to the bottom at 1.2810 after the support was broken at 1.2860. At the end of the day, the currency pair was 1.2822.
The GBP/USD, good technical round number levels
- Thread starter fxstrategist
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fxstrategist
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The GBPUSD stays below the 1.2800 level and it may drop further towards the 1.2700 level. In case of a pullback, the 200 day EMA around the 1.2842 level may act as resistance.
victoriajensen
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GBP/USD bounced off from 1.2975 after forming a spinning top candlestick on the four-hour time-frame at that level. It will likely retrace back to 1.2900, which is the (MA)89 indicator on the same four-hour time-frame.
fxstrategist
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Possible exhaustion on the GBPUSD above its 55 day EMA, the pair may try to break below the 1.2900 level if the Dollar regains its strength.
victoriajensen
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GBP/USD moved to the upside today and finally reached the resistance at 1.3030. A breakout above that level could lead to another rally to 1.3100.
victoriajensen
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GBP/USD reached a high at 1.3080 before it bounced off from that level and formed a shooting star candlestick on the four-hour time-frame. If the signal for a move to the downside is valid there will likely be a drop to 1.2900.
victoriajensen
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GBP/USD formed a double top at 1.3223 and it also formed a shooting star candlestick on the four-hour time-frame. Both are signals for a move to the downside and if they are valid next target will likely be around 1.3120, which is the (MA)89 indicator on the one-hour time-frame.
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