The GBP/USD, good technical round number levels

[izzy_63]

GBP/Usd is still holding above 1.40 level, but bearly. Only break below the psychological level 1.40 will continue to drag the pair downwards.

 

[AngieB]

Despite the sharp loses GBP/USD closed the week above 1.40. The pair remains vulnerable around 1.4020, which is broke to the downside might cause fresh selling pressure.

 

[deresel]

Yesterday’s strong drop in Cable has been in tandem with rising volume and shrinking open interest, although by irrelevant levels. The inconclusive activity in both open interest and volume allows spot to extend the consolidation, with gains clearly capped by the 1.4100 neighbourhood for the time being.

 

[deresel]

GBP/USD
Key levels to watch for:
Support: 1.3814 1.3890 1.3946
Resistance: 1.4079 1.4155 1.4212

 

[idimitrov]

The outlook for GBP/USD is positive as the pair eyes a move to 1.42 and hawkish BoE comments would be the perfect catalyst for a rally.

 

[AngieB]

GBP/USD found resistance at 1.41 and since then is consolidating in a bear flag. 1.4065 is protecting the downside which if broken, the pair will face the support area 1.4030–1.4025.

 

[fxstrategist]

The oscillation on the GBPUSD is even more evident now. The price is stuck around the 1.4041 level where we can find the 200 week EMA. The 1.4100 level may continue acting as resistance, while the 1.3957 level has proven to be a good support so far.

 

[deresel]

The British pound recorded an increase against the US dollar on Monday. The session started at 1.4087 and finished 43 pips higher. The chart continued to grow above the moving averages, while the relative strength index remained neutral. Overall, the upward movement is devoid of impulse, but a break of 1.4215 will reinforce positive attitudes.

 

[deresel]

GBP/USD
Key levels to watch for:
Support: 1.4015; 1.3850; 1.3655;
Resistance: 1.4315;

 

[idimitrov]

Pound/dollar did not make significant movements last week. The signals are neutral for the time being, possibly with mild upward signals. H & S's scenario remains valid, but the price is reversing the neckline after failure to break under EMA 200. A convincing move over 1.4100 will cancel the H & S scenario for the 1.4200 test, but the key resistance remains 1.4275, which must be clearly pierced for a potential end of the bearish consolidation phase and the resumption of the main bullish trend. On the downside, we need a clear break below 1.4010 and the 4 hour EMA 200 for the downward phase sequel.