The GBP/USD, good technical round number levels

[victoriajensen]

GBP/USD sharply moved to the upside today after the Bank of England announced it is keeping the interest rate unchanged at 0.25%. Next target is likely at 1.3500.

 

[victoriajensen]

GBP/USD not only reached 1.3500 but broke out above that level and reached a new high at 1.3615. The pair will probably continue rallying towards 1.3700.

 

[idimitrov]

The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3590, gaining 1.44%. I believe that support is now at 1.3159, Monday's low, and resistance is likely at 1.3616, the high of Friday's trading.

 

[csc2009]

GBP/USD not only reached 1.3500 but broke out above that level and reached a new high at 1.3615. The pair will probably continue rallying towards 1.3700.

I agree, but I'm expecting consolidation in the beginning of the week before the pair uptrend extend further.

 

[victoriajensen]

The GBP/USD bullish trend is stalling for now, the pair formed a double top at 1.3618, as well as a shooting star candlesitck at that level on the one-hour time-frame before falling moving sharply to the downside. Next target is likely at 1.3425, which is the (MA)89 indicator on the same one-hour time-frame.

 

[csc2009]

Gbp/Usd continues its corrective movement with slight pull back, short term support can be seen around 1.3450/40 and resistance around 1.3620/10. Possible opportunity open for buy in dips.

 

[victoriajensen]

GBP/USD is testing the support at 1.3470 - 1.3460 and depending on the fundamentals tomorrow it may break out below those levels and continue moving to the downside. Another rally, on the other hand, would likely mean a test of and a possible breakout above 1.3618.

 

[victoriajensen]

GBP/USD rallied again to test the resistance at 1.3618, but whether it will succeed in breaking out above that level depends on the fundamentals coming out later today.

 

[victoriajensen]

GBP/USD dropped after the fundamentals yesterday, but it could not break out below the long-term support at 1.3460 and eventually bounced off from it again. Currently the pair is at 1.3580 and it may test the resistance at 1.3600.

 

[deresel]

Key levels to watch for:
Support: 1.3093; 1.3030;
Resistance: 1.3935.