The GBP/USD, good technical round number levels

[csc2009]

Gbp/Usd is consolidating lower, upside seems limited to 1.3660 level. Brexit talks still lack of progress, eyes turn to UK PMI this week.

 

[victoriajensen]

So much about that double bottom at 1.3340 - 1.3350, GBP/USD is still very bearish. It could even fall to 1.3200.

 

[victoriajensen]

GBP/USD reached a low at 1.3220 and began a sideways consolidation. Later this week there will be major fundamentals, so the pair will likely continue consolidating until then.

 

[deresel]

On the first day of the new week, the Pound/Dollar currency pair lost 107 pips. The day was opened at 1.3380, and not long after the bulls recorded a modest peak at 1.3402. For the rest of the day, the bears dominated and took the course only 6 pips to the support at 1.3250. By the end of the session one pound was exchanged for 1.3273 dollars.

 

[deresel]

Support: 1.3250; 1.3100;
Resistance: 1.3450; 1.3600; 1.3830;

 

[fxstrategist]

The GBPUSD is getting closer to the 1.3200 level, where we can find the 55 day EMA and a 50% Fibo level, which could contribute for that area to become support.

 

[victoriajensen]

GBP/USD did find some support at 1.3220 and it will probably climb to 1.3300, which is the (MA)89 indicator on the one-hour time-frame. That said, a breakout above that resistance is unlikely before the fundamentals later this week. Consolidation continues for now.

 

[idimitrov]

The pound lost more than a figure against the US currency on Thursday. The last day's quote was 1.3118 or 128 pips from the opening rate of 1.3246. Extreme values for the day were recorded at 1.3249 and 1.3107 respectively. If the trend remains unchanged, it will soon be the first support breach, which is only 7 pips away.

 

[csc2009]

Limited upward correction movements, Gbp/Usd short term is still holding above 1.3000 psychological threshold, only break below will lead to further decline.

 

[deresel]

The pound marked a second successive session against the dollar on Tuesday. The British currency has continued the positive momentum since the beginning of the week, but no breakthrough of key levels has been achieved. Short-term expectations continue to be in favor of the pound. Trading was open at a rate of 1.3140 and the final was 62 pips higher. The trend was bullish in most of the time, with the peak reached at 1.3225.