GBP/USD forecast - page 94

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The pound fell against the dollar on Tuesday. The British currency did not meet the positive expectations and lost positions. So the pair broke the first support at 1.3458, but the final was placed above these levels. The session was opened at 1.3555, and the bearish moods dominated from the start. The bottom of the day was hit at 1.3450 and the closing price was 53 pips higher.
 
GBP/USD
Key levels to watch for:
Support: 1.3458; 1.3426;
Resistance: 1.3616; 1.3664;
 
Pound / dollar had momentum down yesterday, sliding under strong support of 1.3480, but closed higher at 1.3506. Expectations are downward so far, especially if the price can make a convincing move below 1.3480 for testing 1.3330. Immediate resistance is at 1.3525, whose breakthrough can take the price to a neutral zone with testing at 1.3600. I remind, however, that the longer the pair remains below 1.3710, I stay bearish and every bullish pressure should be considered a good opportunity to place short positions.
 
The pair is testing the support at 1.3455 yet again, the question is whether it will finally break out below it.
 
The sideways consolidation continues, unless the fundamentals tomorrow end it the pair may continue consolidating into next week.
 
GBP/USD looks like it's ready for an upward move at current market price around 1.3460.
 
Ari Goldman:
GBP/USD looks like it's ready for an upward move at current market price around 1.3460.

It has formed a spinning top candlestick on the weekly time-frame around that level so that is likely indeed.

 
Reemerging Brexit concerns keep putting pressure on the pair, bearish trend stay unchanged. Immediate support can be found at 1.3380.
 
Good drop on the GBPUSD to the 1.3400 level but it could try to bounce to the upside where the 1.3600 level could act as resistance. Below the 1.3400 level, its next support could be the 1.3200 level.
 
usd will gain value in the world. 2 euro will be 1 usd in the forthcoming years. 
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