The GBP/USD, good technical round number levels

[idimitrov]

The British pound recorded a significant increase against the US dollar on Wednesday. The currency pair opened at 1.3237 and the price managed to break the first resistance at 1.3260. The pound finished at 1.3323 and in the short term the outlook remains positive, the immediate target is 1.3440.

 

[fxstrategist]

The GBPUSD does break above the 1.3300 level, but it did not confirmed the breakout. Therefore, it may fall back down below the 1.3300 level and maybe visit the 1.3200 level again, where we can find the 55 day EMA. On the other hand, a confirmation of a breakout above the 1.3300 level could take the pair to the 1.3500 zone.

 

[csc2009]

Gbp/Usd seems has lost it upside momentum, hovering around 1.33 level, break above 1.3360 would send the pair back to its bullish trend.

 

[victoriajensen]

Despite forming a new high at 1.3382 GBP/USD bounced off from that level and formed a shooting star candlestick on the daily time-frame before continuing moving to the downside. If it breaks out below 1.3220 it will probably fall back to 1.3140, which is the (MA)89 indicator on the daily time-frame.

 

[deresel]

An extremely dynamic session recorded the pound against the dollar on Monday. Despite the volatile trend, however, the opening price was close to closing at 1.3320 and 1.3316, respectively. At first, the moods dominated and the pair reached a peak at 1.3382, breaking the first resistance at 1.3371. Subsequently, the pound totally lost its accumulated positions.

 

[deresel]

Support: 1.3244; 1.3206;
Resistance: 1.3371; 1.3455;

 

[idimitrov]

The pound recorded a second consecutive volatile session against the dollar on Tuesday. Trading was open at a rate of 1.3316, as in the early hours the bearish sentiment was leading. So the pair broke the first support at 1.3244, after being hit bottom for the day at 1.3221. Subsequently, the trend sharply changed and the final was put in favor of the British currency at 1.3337. If the bullish moods continue, the resistance at 1.3404 will be tested.

 

[victoriajensen]

GBP/USD bounced off from 1.3220 and rallied again, breaking out above 1.3382. The pair will likely continue moving to the upside towards 1.3500.

 

[victoriajensen]

The pair did continue moving to the upside towards 1.3500. For now it is still very bullish and it will probably continue moving to the upside towards the last high at 1.3655.

 

[victoriajensen]

GBP/USD found some resistance at 1.3550 and bounced off from that level but the move to the upside towards 1.3655 will probably continue next week.