The GBP/USD, good technical round number levels

[AngieB]

GBP/USD was hovering around the resistance at 1.42 today but yet unable to conquer it. The pair is showing good upward momentum but bulls will need to break and close above the 1.4189 before regaining this level.

 

[AngieB]

GBP/USD dopped below the 1.4300 after having posted a fresh multi-month high at 1.4375 . However the pullback could meet strong support at 1.4244 (late March’s highs) and ex long term resistance that should to keep intact overall bulls. Tomorrow will bring the next key event for the Cable with the release of UK inflation data which could provide fresh direction signal.

 

[idimitrov]

Pound / dollar continued its inertia down yesterday with a bottom of 1.4068. Trade signals remain down for testing at 1.3960 as part of the bears' phase after the false breakthrough over the key resistance of 1.4275. The intraday resistance is 1.4150, whose breakthrough can take the price to a neutral trading area. But the longer the pair remains below 1.4275, I prefer the short-term scenario at this stage. Downwards, a clear break and a daily / weekly closing below 1.3960 will take the price of 1.3710 next week.

 

[deresel]

GBP/USD
Key levels to watch for:
Support: 1.3842; 1.3956; 1.4021
Resistance: 1.4280; 1.4344; 1.4405;

 

[izzy_63]

The pair is still very bearish, immediate support can be found at 1.3960, break below could extend further on the downside.

 

[deresel]

The pound lost positions against the dollar on Wednesday. Thus the British currency completely deleted the profit recorded in the previous session and the pair tested support at 1.3917. Short-term expectations remain in favor of the dollar. Trade was open at 1.3975, and the final was 1.3927. The trend was of bearish character, and bottom of the day was hit at 1.3923.

 

[deresel]

GBP/USD
Key levels to watch for:
Support: 1.3917; 1.3888;
Resistance: 1.4096; 1.4200;

 

[idimitrov]

Pound / dollar resumed the downward momentum yesterday, reaching a bottom at 1.3922. Signals are bearish in the near future, especially if the price can make a clear break below 1.3917 for testing 1.3850 or lower as part of the bearish correction after the false break above 1.4275. The first resistance is at 1.4000, whose breakthrough may take the price to a neutral trading area, and the direction will become obscure. On downside, a clear break and daily closing below 1.3850 will clear the way to 1.3710 and the trendline support line. This zone is a good place for long positions with narrow stops because a clear break below it will cancel the main bullish views.

 

[izzy_63]

The pair has found immediate support at 1.3745, break below will confirm correction movement end and further decline ahead.

 

[deresel]

The British pound recorded a modest decline against the US dollar on Wednesday. The currency pair opened at 1.3613 and the price bounced from the first resistance at 1.3655. Eventually, the pound ended at 1.3571 and if the price went down, there could be a first support test at 1.3460.