The GBP/USD, good technical round number levels

[idimitrov]

The British pound started the week with an increase, recording a second consecutive positive session. The pair climbed 41 pips to 1.2991, but remained at a record low for the past 31 years levels. The daily limit values were noted at 1.3017 and 1.2850. Bears remain in a leading position, but relative strength index issued for weakness. Break of 1.3110 will contribute to positive attitudes with probable next target 1.3530.

 

[deresel]

On Tuesday, the dollar falls against other major currencies as investors shifted attention to the forthcoming meeting of global central banks on expectations of additional stimulus measures from their side.
GBP/USD rose to 1.3267, rebounding from a 31-year low of 1.2794 reached last Wednesday.

 

[fxstrategist]

The GBPUSD may continue with its bullish momentum to the 1.3532 level, which could act as support.

 

[deresel]

Trading sentiments for GBP/USD today: to buy above 1.3180 with targets 1.3350 and 1.3425. Alternative scenario: The downside breakout level of 1.3180 will open the way to 1.3110 and 1.3045.

 

[idimitrov]

Due to the forthcoming meeting of the Bank of England, the attention of market participants are still focused on the price dynamics of the British pound. After renewing the maximum in the Asian session GBP/USD corrected to 1.3336 to 1.3220. After a brief correction the pair has recovered to 1.3296. Currently pound against the US dollar is quoted at 1.3162.

 

[victoriajensen]

GBP/USD couldn't break above the resistance at 1.3480, formed a double top there and then a hanging man candlestick below that level on the four-hour time-frame and naturally started falling. Next target is likely 1.3280.

 

[idimitrov]

After rising the previous days GBP is losing ground, indicating a return to average values. The clearest manifestation of the weakness of sterling can be seen in the GBP/USD pair dynamics.

 

[deresel]

The British pound fell against the dollar on Friday. At the close of trading session GBP/USD is traded at 1.3179, shedding by 1.20%. I believe that the support is now located at the level of 1.2849, Monday's low, and resistance is likely to be at the level of 1.3481 - the maximum of Friday's trading.

 

[csc2009]

The Pound broke 1.3200 level due to ''encouraging news of Australia has already approached the UK for a free trade deal following its exit from the European Union''.

 

[victoriajensen]

The pair is forming a flag on the one-hour time-frame, there will likely be a new move to the downside again with target 1.3130.