GBP/USD forecast - page 87

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The British pound recorded an increase against the US dollar on Monday. The session started at 1.4087 and finished 43 pips higher. The chart continued to grow above the moving averages, while the relative strength index remained neutral. Overall, the upward movement is devoid of impulse, but a break of 1.4215 will reinforce positive attitudes.
 
GBP/USD
Key levels to watch for:
Support: 1.4015; 1.3850; 1.3655;
Resistance: 1.4315;
 
Pound/dollar did not make significant movements last week. The signals are neutral for the time being, possibly with mild upward signals. H & S's scenario remains valid, but the price is reversing the neckline after failure to break under EMA 200. A convincing move over 1.4100 will cancel the H & S scenario for the 1.4200 test, but the key resistance remains 1.4275, which must be clearly pierced for a potential end of the bearish consolidation phase and the resumption of the main bullish trend. On the downside, we need a clear break below 1.4010 and the 4 hour EMA 200 for the downward phase sequel.
 

GBP/USD was hovering around the resistance at 1.42 today but yet unable to conquer it.  The pair is showing good upward momentum but bulls will need to break and close above the 1.4189 before regaining this level.

 
Анна Орлова:
What do you think will move down from 1.4200?
The pair is so bullish it may even break out above 1.4200.
 
The GBPUSD keeps rallying and it could visit the 1.4200 level, but there it may bounce to the downside.
 
fxstrategist007:
The GBPUSD keeps rallying and it could visit the 1.4200 level, but there it may bounce to the downside.
So far it hasn't been able to break out above 1.4200 but the fundamentals today may change that.
 
The move to the upside continues and the pair is testing the resistance at 1.4230. There will likely be a breakout above that level and a further move to the upside.
 
I had a short and got taken out, I'll turn bearish below 1.4220.
 
It may reach 1.4300 firt before there is any bearish retracement to the downside.
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