fxstrategist
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The range on the GBPUSD keeps getting tighter, if the pair goes up, it may reach the 1.3532 level. To the downside, the 1.3000 level could act as support.
The GBP/USD, good technical round number levels
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victoriajensen
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GBP/USD is testing 1.3250 again. A breakout above that resistance could lead to a further move to the upside towards 1.3300.
Significant growth marked the pound against the dollar on Tuesday. So the British currency fully recovered its losses from the previous session and with a maximum for the day at 1.3364 has breached the first resistance at 1.3342. Short-term expectations are still in favor of the pound. In this case the pair can make a second test at a key level 1.3496. The Tuesday session opened at rate of 1.3174 and bullish trend was leading from the start. Finish line was crossed at a price of 1.3353.
Pound/dollar had upward momentum yesterday, topped at 1.3364. The bias is bullish in nearest term testing of 1.3400/20, but I mainly stay in the camp of bears yet. First support is seen at 1.3300. A clear break below that area could lead the price to neutral trade zone testing 1.3250 or lower.
victoriajensen
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GBP/USD is testing the resistance at 1.3350. A possible breakout above that level could lead to a further move to the upside towards the previous high at 1.3480.
victoriajensen
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The pair bounced off 1.3100 and is currently testing 1.3165. A breakout above that level would lead to a further move to the upside towards 1.3190 - 1.3200, but that also depends on the US Non-farm payrolls.
fxstrategist
Corporal
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Good breakdown of the 1.3000 level on the GBPUSD, the pair may continue dropping.
victoriajensen
Private, 1st Class
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- 1,117
I agree, it will likely continue dropping towards 1.2950 - 1.2900.
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