GBP/USD forecast - page 51

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On Tuesday, the pound-dollar currency pair lost 40 pips of its value. The day was opened at a price of 1.3001 and began with the prevailing power of the bears. Just before noon, they recorded a bottom of 1.2953. The next few hours were volatile for the currency pair. The bulls managed to make a bigger move, breaking the resistance at 1.3030 and recording a peak of 1.3032, but at the end of the day the quote stayed away from these values ​​at a price of 1.2961.
 
Key levels to watch for:
Support: 1.2860; 1.2690;
Resistance: 1.3030; 1.3220; 1.3440.
 
Pound / dollar attempted to decrease yesterday, reaching bottom at 1.2926, but closed higher at 1.2975. The couple adhered to the trendline of support. The signals are neutral, possibly with light bullish signals for testing the key resistance 1.3050, which should be clearly pierced for the sequel to the bullish scenario. Intraday support we have at 1.2930 / 25. A clear breakthrough below this zone may cause further bearings to test for 1.2880.
 
Good move last week. I expect a change in trend for the short-term.
 
The British pound was down against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.2804, losing 1.07%. I believe that support is now at around 1.2776, the low of Friday's trading, and the resistance is likely at 1.3044, Monday's high.
 
Pound / Dollar attempted to rise up yesterday, reaching a peak of 1.2850, but traded down earlier this morning, sliding below 1.2800. Expectations remain downside to testing support 1.2780, which is a good long-range area with narrow loss stops. A clear break below this level can clear the way down to 1.2700 - 1.2670 or lower. The first resistance is at 1.2850, whose breakthrough can take the price to a neutral zone with testing at 1.2900 / 25.
 
The British pound recorded a volatile session against the US dollar on Tuesday. The currency pair added only 20 pips at a closing price of 1.2857. Daytime extreme values ​​were reached at 1.2793 and 1.2887 respectively. If the bearish trend of the last few sessions continues, we can expect a first support test at 1.2700.
 
Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090; 1.3270.
 
GBP/USD relatively unchanged after the NFP and Jobs report. Dollar index, however, down significantly.
 
A small gap down, Cable trading almost flat below 1.29 level. All eyes on Election this week.
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