GBP/USD forecast - page 101

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Timothy:

I’m having a little loss right now, but I think I’ll close the deal with profit.

 

It will go to lower.
 
It broke out below 1.3150 and it will very likely reach 1.3100 next.
 

GBP/USD gained traction and conquered the 1.3200 handle. Now doors are opened for testing 1.3225-1.3230 area.

 
It found some support at 1.3055 but the move to the downside will likely continue next week.
 
Dollar strength and uncertainty of Brexit continue to give pressure to GBP/Usd. Some big company like BMW and Airbus has said they would consider leaving the UK if ''no deal'' in recent weeks. Let's focus on further Brexit development this week.
 
The pair is testing the support at 1.3120 and it will likely break out below that level to continue falling towards the last low at 1.3050.
 
The GBPUSD is boxed between the 1.3100 level and the 1.3200 level, but the bearish trend is still in place. A breakdown below the 1.3100 level could take the pair to the 1.3000 zone.
 
fxstrategist007:
The GBPUSD is boxed between the 1.3100 level and the 1.3200 level, but the bearish trend is still in place. A breakdown below the 1.3100 level could take the pair to the 1.3000 zone.

I agree, consolidation continues for now, the question is when there will be a breakout.

 

The UK PMI boosted the Sterling today and the USD/GBP pair is trading higher. Bulls conquered the 1.3200 level and now are aiming the 1.3300 handle.  

 
I agree, the pair is bullish for now and it may rally above 1.3200 to reach 1.3300.
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