The GBP/USD, good technical round number levels

[csc2009]

The pair is likely to increase its pressure on the downside after Carney’s dovish speech on Thursday, important psychological support level remain at 1.30 level.

 

[idimitrov]

The British pound fell against the dollar on Friday. At the end of the trading session GBP/USD was trading at 1.3264, shedding 0.33%.

 

[deresel]

Key levels to watch for Monday:
Support: 1,3118;
Resistance: 1,3564.

 

[idimitrov]

On Thursday, the Bank of England's Governor Mark Carney said that the uncertainty caused by Brexit, can put pressure on the UK economy for some time. To support it, the British regulator considers to mitigate the monetary policy until the end of the summer. Probably, the Bank of England in the first place will reduce the key interest rate by 25 basis points, and this will decrease the pound below $1.3.

 

[fxstrategist]

Key levels on the GBPUSD at the moment are the 1.3200 as support and the 1.3532 as resistance along with the 1.3833.

 

[deresel]

The British pound registered a rise against the US dollar on Monday. After a volatile session, the pound added 35 pips at a closing price of 1.3281. The graphics continue to develop under moving averages, while the index of relative strength remained on neutral territory. If prices continue to rise the pair will head towards resistance at 1.3480. On the downside, we can expect a break of the support at 1.3200.

 

[csc2009]

GBP/USD barely moved after the FOMC minutes, trading just above 1.29 level, failed to regain 1.30 level, next support zone can be found around 1.27/26 zone.

 

[fxstrategist]

Who knows how far the GBPUSD may continue dropping, but for now it stalls at the 1.2800 zone. The 1.3200 may act as resistance.

 

[csc2009]

Pound continues to the downside with immediate strong support zone around 1.2780-1.2900, further decline might be expected if break the support zone.

 

[fxstrategist]

Good bullish bounce on the GBPUSD from the 1.2800 level, the pair may try to visit the 1.3200 level, which could act as resistance.