The GBP/USD, good technical round number levels

[deresel]

The pound gained positions against the dollar on Friday. The British currency justified the positive expectations and recovered some of the losses from the previous session. If the upward trend continues, the pair will break the resistance at 1.3930. Trade was open at a rate of 1.3806, and the pound added 38 pips to its value to the final. Peak for the day was reached at 1.3888.

 

[deresel]

GBP/USD
Levels to watch for:
Support: 1.3711; 1.3643;
Resistance: 1.3930; 1.4147;

 

[idimitrov]

Pound / dollar made momentum up yesterday, forming a peak at 1.3917. Expectations are bullish in the near future. The price now tests the upper limit of the downward channel, located around 1.3930 / 40. A clear breakthrough and daily closing over the price channel will become a serious threat to the downward correction phase with 1.4000 testing. The first support is at 1.3860. A clear breakthrough below this level may take the price to a neutral zone with test support of 1.3800 - 1.3750. Major bullish views remain valid, but we need a clear breakthrough of at least over 1.4000 to test the resistances of 1.4275.

 

[AngieB]

GBP/USD eased few pips below the 1.40 barrier. Indicators on H4 have lost directional strength so the pair might stay in consolidation mode until next key event sets direction.

 

[idimitrov]

Pound / dollar was indecisive yesterday, but still managed to hold upward intraday signals. The downward price channel violation supports these bullish signals. The outlook is upwards, especially if the price can make a clear break above 1.4000 for testing the region 1.4070 - 1.4100. Day support is 1.3925 (yesterday's bottom). A clear break below it can take the price to a neutral zone, the direction will become obscure, testing at 1.3875 or lower. Upwards a clear break and daily closure above 1.4070 - 1.4100 will take the cost of retesting the key resistance 1.4275. Basically, I'm staying in the bulls camp.

 

[izzy_63]

Gbp/Usd continue its sideway trading, stuck between 1.3840 to 1.4000 range. I expect the pair would continue to consolidate before this week key events.

 

[izzy_63]

GBP/Usd falls into range on the fears of potential US-China trade war, resistance can be seen at 1.4220 and on the downside 1.40 act as psychological support.

 

[idimitrov]

Pound / dollar had a significant upward momentum yesterday, sliding over the "tail" of the downward pin bar. This fact should invalidate the bearish scenario on the bearish pin bar. The prospects are bullish to test the key resistance 1.4275 - 1.4344. Intraday support is 1.4190. A clear breakthrough below this level could take the price to a neutral zone with 1.4125 testing. But as a whole, I stay in the bulls camp and every downward pressure should now be seen as a good opportunity for purchases.

 

[AngieB]

GBP/USD suffered huge drop and marked lowest level for a week. The pair bounced from the intraday low at 1.4065 but remains vulnerable around 1.4210.

 

[fxstrategist]

The GBPUSD falls to the 1.4000 level and that round number level may act as support. The GBPUSD may bounce to the 1.4200 level, but a drop to the 1.3900 level is possible.