The GBP/USD, good technical round number levels
- Thread starter fxstrategist
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The pound recorded a positive session against the dollar on Thursday. The British currency continued the bullish trend since Tuesday, but a key breakthrough was not reached. Trading was open at 1.3170 and the final was 23 pips higher. The session was extremely volatile, with the difference between the highest and the lowest for the day being 71 pips.
victoriajensen
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GBP/USD is still consolidating sideways, but the pair may test the resistance at 1.3300 again next week. The question is whether there will finally be a breakout above that level.
The British pound recorded a modest rise against the US dollar on Friday. The currency pair started at 1.3192 and the pound recorded a volatile session. The price jumped from the resistance at 1.3260 and the pair finished at 1.3216. Breaking the levels at 1.3260 or 1.3100 will be indicative of prevailing attitudes.
fxstrategist
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The GBPUSD holds on to its gains above the 1.3200 level, but consolidates around the 1.3234 level. The 1.3300 level may still act as a resistance.
The British pound recorded a volatile session against the US dollar on Monday. The currency pair added 18 pips to a closing price of 1.3233. The chart continued to grow above the moving averages, while the relative strength index remained neutral. If the price continues to rise, the pound will focus on the resistance at 1.3260.
victoriajensen
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GBP/USD is still stuck in the sideways consolidation between 1.3030 and 1.3320. The fundamentals this week may finally end the consolidation but so far there is no signal that will happen.
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victoriajensen
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GBP/USD is relatively bullish and it may reach the resistance at 1.3320 yet again soon. It is unlikely that it will break out above it before the fundamentals later today though.
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