The GBP/USD, good technical round number levels

[fxstrategist]

The drop continues on the GBPUSD, next support could be the 1.2800 level, since it has the road clear to drop there.

 

[csc2009]

The Pound remains under pressure after Dollar's recovery, further decline might be expected if the pair break the immediate support level 1.2900.

 

[idimitrov]

The British pound fell against the dollar on Friday. By the end of trading session GBP/USD was traded at 1.2914, shedding 0.32%. I believe that the support is now located at the level of 1.2904, the low of Friday's trading, and resistance is likely to be at the level of 1.3097 - Monday's high.

 

[idimitrov]

Most of the week the pound stayed lower than 1.30. GBP/USD has fallen after the house price balance in the UK appeard much worse than expected. The indicator was only 5% instead of the expected 15%. At the same time RICS said, that the fall in sales was the biggest since the financial crisis in 2008, the rise in prices in July was the slowest in three years, while the volume of new sales fell. This shows that the real estate market is already adjusting to the decision of the UK to leave the EU, and as British consumers are so heavily dependent on property prices, their sudden drop may affect consumer spending in the future.

 

[deresel]

GBP/USD: As expected, the pair formed a downward trend and it's moving to its historical lows. The next target level for the pair will be 1.2796, and later 1.2745.

 

[deresel]

Key levels to watch for:
Support: 1.2790; 1.2500;
Resistance: 1.3080; 1.3240; 1.3365.

 

[csc2009]

Next week again is very busy for Pound, drop on the pair may probably continue, once break 1.29 level, my near term target would be at 1.2850.

 

[victoriajensen]

The FOMC meeting minutes announcement yesterday provoked a move to the upside that will likely continue today. Next target is probably 1.3200.

 

[idimitrov]

The British pound fell against the dollar on Friday. By the close of trading GBP/USD was traded at 1.3076, shedding 0.71%. I believe that the support is now located at the level of 1.2863, Monday's low, and resistance is likely to be at 1.3174 - maximum Thursday.

 

[idimitrov]

The pound finished the weekly session against the US dollar at 1.3076, down by 0.7%, but for the week rose by 1.2% on reduced concerns about the growth prospects of the national economy after Brexit.
Sterling jumped to 1.3184 after data showed that retail sales, employment and inflation beat forecasts, suggesting that the UK economy is stable after the British decision to leave the European Union.