The GBP/USD, good technical round number levels

deresel

Sergeant
Messages
705
GBP/USD: On Friday, the pound fell to a minimum over the week: the pair GBP/USD fell by 0.5% to 1.2812, after the publication of new economic reports indicating a slowdown in economic growth in the eurozone.
 

izzy_63

Sergeant
Messages
228
The pair is holding around 1.2800 level despite the EU leaders agree UK's Brexit deal at the summit which take Brexit one step ahead.
 

izzy_63

Sergeant
Messages
228
GBP/Usd seems picked up a bit, but still not showing any strong reaction from the Brexit deal. The pair is expected to continue trading within the range for now, immediate resistance is at 1.2850 and on the downside support can be seen at 1.2795.
 

izzy_63

Sergeant
Messages
228
Uncertainty about Parliament's approval of the Brexit deal has weighed in on the pair, GBP/Usd is trading the lowest since 15th Nov. The downside seems capped to 1.2730, but there is a further possibility of sliding lower if it breaks below 1.2730.
 

deresel

Sergeant
Messages
705
GBP/USD: The pound fell on Tuesday after warning that the agreement on Brexit is unprofitable for the UK. GBP/USD declined by 0.6% to 1.2753 after the US president announced that the Brexit agreement, signed by the British Prime Minister Theresa May seems to be an excellent deal for the EU that could lead to the termination of trade between the UK and the USA.
 

izzy_63

Sergeant
Messages
228
While Brexit news takes some time off and waiting for the critical date on 10th December, GBP/Usd has recovered some ground and consolidating higher ground which just below 1.2800 handles.
 

idimitrov

Master Sergeant
Messages
611
Gbp/usd made a signifficant rise today, gaining more than 100 points on its behalf and holding above the key resistance at 1.2810. If it manages to hold above this level, we could expect 1.2860 or even higher. On the flip side, going back to 1.2760 would resume the bullish scenario.
 

fxstrategist

Corporal
Messages
741
Very volatile session for the GBPUSD who first drops below the 1.2800 level, but rallies above that level towards the end of the session. The pair may continue rallying to the 1.2900 level, which could act as resistance, but right now there is no clear direction on the daily chart and the GBPUSD is simply oscillating around the 1.2800 zone.
 

izzy_63

Sergeant
Messages
228
Lack of new Brexit headlines keeps the Pound trading within the range under 1.2800 level, the pair continues under pressure and downside potential increase when the pair break below support level around 1.2720 handles.
 

izzy_63

Sergeant
Messages
228
Brexit uncertainties have weighed in on GBP/Usd, the pair has extended its consolidation movement to the lower ground, mid 1.2700's. While the pair remains bearish, the downside seems capped to 1.2700 level.
 
Top