Pound/dollar had a bearish momentum yesterday, reaching bottom at 1.3848. The signals are bearish so far, especially if the price can make a clear break below 1.3835 for testing at 1.3750. The first resistance is 1.3935, whose breakthrough can take the price to a neutral trading area with 1.3978 testing. Overall, I remain upward, but the longer the pair stays below 1.4275, the price is still in the downward consolidation phase.
The GBP/USD, good technical round number levels
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On Friday, the US dollar moved to growth against other major currencies after the US Congress voted for an agreement on the parameters of the federal budget for the next two years, ending a short suspension of the government. The pair GBP/USD dropped 0.86% to 1.3793 in the afternoon.
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The 1.3900 level may act as a resistance on the GBP/USD, but a breakout of that level to the upside could indicate a comeback of the bullish trend.
The pound recorded another successful session against the dollar on Thursday. The session started at 1.3998 and ended at 1.4099. If bullish moods are maintained, the level at 1.4150 will be tested. If the direction goes down, it is likely that the pound will focus on the first support at 1.3990.
The British pound recorded a decline against the US dollar on Friday. The currency pair opened at 1.4098 and finished 87 pips lower. Daytime extreme values ??were reached at 1.4144 and 1.3996 respectively. The price has found support at 1.4015, but given the negative outlook, a sequential test at the relevant levels is not ruled out.
Pound/dollar was hesitant yesterday. The views remain neutral, possibly with slight downside signals for testing at 1.3900. Immediate resistance is at 1.4050. A clear breakthrough and daily closure above this level may cause future bullish pressure to test 1.4150. But as long as the price stays below 1.4275, we can see a further downward correction to the trendline support line.
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