The GBP/USD, good technical round number levels

[fxstrategist]

Will the GBP/USD keep rallying? The GBPUSD accelerates its bullish momentum and rises more than 200 pips to reach the 1.3000 level where we can find the 55 day EMA. Due to the strong rally, it is possible for the GBPUSD to correct to the downside amid some profit taking. But the bullish momentum is still strong and the pair may continue higher. To the upside, its next resistance could be the 200 day EMA around the 1.3193 level. To the downside, the nearest support is at the 1.2900 level, followed by the 1.2800 level.

 

[deresel]

GBP/USD: The dollar traded without sharp fluctuations on Friday in anticipation of US labor statistics, moving away from a maximum of 16 months in the course of previous trades, as investors again switched to risky assets. The pound sterling held the advantage after the Bank of England left rates unchanged on Thursday and indicated a possible acceleration of rates in the future if Brexit runs smoothly. The pound sterling fell 0.02 percent to $ 1.2998, but held the bulk of the gains after a rise of 1.8 percent on Thursday, the maximum one-day increase since April 2017.

 

[idimitrov]

The British pound fell against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.2969, losing 0.34%. I believe that support is now at around 1.2696, Tuesday’s low, and resistance is likely at 1.3041, Friday's trading high.

 

[izzy_63]

GBP/Usd starts the week with a small gap up, but the pair is stick around 1.30 level and currently showing no clear direction.

 

[izzy_63]

The pair continues its consolidation above 1.30 level due to the rumours about we might finally get Brexit financial services deal this week. My next target is at 1.3090.

 

[deresel]

GBP/USD: The pair attempted to drop last week, reaching bottom at 1.2695, but turned up and then closed higher at 1.2960, and now fights around 1.3000. Trading signals are neutral, but the longer the price remains above 1.2925, the short-term outlook is upward. On the upside, a clear break and daily closing over 1.3000 will clear the road to 1.3125. Downwards, a clear break and daily closure back below 1.2925 will interrupt the upward rally, but only a clear break below 1.2695 will activate my descending model again.

 

[fxstrategist]

The GBPUSD accelerates its bullish momentum and rallies to the 1.3057 level above the 55 day EMA. In case of continuing higher, the 76.4% Fibo at the 1.3124 level could act as resistance. Above that level, the 200 day EMA at the 1.3193 level could act as resistance. To the downside, the 1.3000 level could act as support.

 

[izzy_63]

The pair is trading just above 1.3100 level, continue with its bullish tone. US mid-term election result may affect the pair. I set my target at 1.3150.

 

[idimitrov]

Pound/dollar rocketing directly to 1.3200, thanks to good Brexit talks and anti-Trump situation.

 

[izzy_63]

GBP/Usd is maintaining its gains well above 1.3100 level, next resistance can be found around 1.3190, break above would open the door to further gains.