The GBP/USD, good technical round number levels

[idimitrov]

The British pound was down against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.3472, losing 0.42%. I believe that support is now at around 1.3221, Tuesday's low, and resistance is likely at 1.3550, the maximum of Friday's trading.

 

[kentik]

Do you thinikthe existing correction will be long-term or bullosh rally will continue next week?

 

[csc2009]

The uncertainty with Brexit negotiations continue affect Pound, support level can be found around 1.3420, break below will deeper the bearish correction movement.

 

[kentik]

The uncertainty with Brexit negotiations continue affect Pound, support level can be found around 1.3420, break below will deeper the bearish correction movement.

In this case, the bearish correction may start also on the Daily timeframe

 

[victoriajensen]

The uncertainty with Brexit negotiations continue affect Pound, support level can be found around 1.3420, break below will deeper the bearish correction movement.

It bounced off from 1.3420 again and since the sideways consolidation continues it will probably start moving to the upside towards 1.3500.

 

[kentik]

It bounced off from 1.3420 again and since the sideways consolidation continues it will probably start moving to the upside towards 1.3500.

this level is already broken down, so bearish movement started on H1 timeframe and that may occur on H4 timeframe soon

 

[deresel]

The British pound recorded a volatile session against the US dollar on Monday. The currency pair opened at 1.3436 and finished 42 pips higher. The chart continued to grow above the moving averages, while the relative strength index remained neutral. If the direction is maintained, there may be an attempt to test the first resistance at 1.3540.

 

[kentik]

Pound is in the correction on the Daily timeframe that may come to an end soon, because H1 trend development is low

 

[izzy_63]

Gbp/Usd short term seems turned towards downside, support level can be found around 1.3350 and follow by 1.3310.

 

[kentik]

GBPUSD is currently around the Daily support, its lowest border is 1.3320, so downward movement may stop at this level