The GBP/USD, good technical round number levels

[AngieB]

GBP/USD is trading lower today on UK political woes. Bearish signs on H4 are indicating that the pair might test last week’s low at 1.3495.

 

[AngieB]

The pair performs well, expecting test of 1.3585.

 

[fxstrategist]

The GBPUSD breaks above the 1.3700 level and enters no-man's land, an open area where the next resistance is at the 1.4000 level.

 

[izzy_63]

The GBPUSD breaks above the 1.3700 level and enters no-man's land, an open area where the next resistance is at the 1.4000 level.

I agree, Pound take advantage of dollar's weakness, remain strong upward strength. Next target would be at 1.3785 and follow by 1.3800.

 

[AngieB]

Th pair eased after the UK inflation data, but the downside remains limited on the broad US dollar's weakness. A recovery above 1.3780 will drag the pair towards the resistance at 1.3820.

 

[AngieB]

GBP/USD shows stong upward potential and todya marked a fresh year high at 1.3940. Bulls are gaining stregth to test 1.40.

 

[AngieB]

GBP/USD slightly retreated from yestrday’s high, but again is gaining strength according to indicators on H4. If closing above 1.3850, next traget for bulls will be 1.40.

 

[izzy_63]

The week started with a small gap up but soon recovered. GBP/Usd has lost its upward strength and consolidating its gains, upside limited to 1.3940.

 

[AngieB]

GBP/USD continues to rise today, but is facing the 1.3950 barrier after the doble top from last week. I think the pair is ahead of consolidation before a move towards the psycological 1.14 level.

 

[AngieB]

Cable cracked 1.40, but consolidation is expected before next upleg, according to indicators on the H4 which are yet located within positive territory, but are losing upward strength.