The GBP/USD, good technical round number levels

[izzy_63]

Gbp/Usd continues its directionless correction movement with limited upside. 1.4025 become a tough resistance level, bulls will extend further if the pair breaks above it.

 

[deresel]

The pound recorded a volatile session against the dollar on Friday. In the end, trade ended in favor of the British currency, but the increase was negligible. If the bulls increase their influence, the pair will test the resistance at 1.4147. The session was opened at 1.3952 and the final was 14 pips up. The difference between the highest and the lowest was 100 pips.

 

[deresel]

Interesting levels to watch for:

Support: 1.3821; 1.3762;

Resistance: 1.4147; 1.4280;

 

[idimitrov]

Pound/dollar was indecisive yesterday. The price attempted to rise up with a peak of 1.4069 but closed lower at 1.3966. Views are neutral. As a whole, I stay bullish but the longer the pair stays inside the downward channel, the price is still in the downward correction phase. Immediate support is seen at 1.3927 (Monday's bottom). A clear break below this level may lead to further bearish pressure for testing 1.3850. Short-term resistance is 1.4050, followed by 1.4100. A clear break above 1.41 and a bearish canal can become a serious threat to the bears' correction phase.

 

[izzy_63]

The pair seems to hold steady on the downside ahead of US core PCE inflation for January, break below 1.3720 would confirm further decline.

 

[izzy_63]

GBP/Usd continue to trade in a tight range, remains in the negative territory. Immediate support level can be found at 1.3710, break below would lead the pair decline further.

 

[AngieB]

GBP/USD is moving within narrow range, but the downside yet remains vulnerable. First target for the bears is provided by the 23.6% Fibo at 1.3810.

 

[deresel]

The British pound recorded increase against the US dollar on Monday. The currency pair opened at 1.3796 and ended at 1.3848. Reaching the highest daily values at 1.3876, the price continues its upward movement from Friday and would test the first resistance level at 1.3917. With a successful break of 1.3917, the pound would head to 1.3990.

 

[deresel]

GBP/USD

Interesting levels to watch for:

Support: 1.3762; 1.3709; 1.3615

Resistance: 1.3917; 1.3990;

 

[idimitrov]

Pound / dollar had a bearish momentum yesterday, reaching bottom at 1.3781. The views are bearish for testing 1.3750 - 1.3700 as part of the downward correction phase. Resistance for the day is 1.3835. A clear breakthrough over it could take the price to a neutral zone with testing at 1.3900, but as long as it stays in the downward channel, the price is still in the bears' correction phase. In the downside, a clear break and a daily / weekly closing below 1.3700 will open the doors to 1.3600 and the trendline support next week.