GBP/USD forecast - page 120

 
GBP/USD: A clear break and daily closure below 1.2925 would aim the pair to 1.2800.
 
The downside is not over just yet, I set my target at 1.2785.
 
The GBPUSD breaks below the 1.2924 level and it may continue falling to the 1.2800 level, which could act as support. To the upside, the 1.3000 level may act as resistance.
 
Brexit uncertainty continues to weight in on the Pound, there are might be consolidation but the bearish potential remains strong, my target remains in sight.
 
is brixit affect the pound?
 
https://www.mql5.com/en/charts/9286137/gbpusd-m15-leverate-support-resistance-levels-for-26-0ct-18
Chart GBPUSD, M15, 2018.10.26 00:29 UTC, Leverate, MetaTrader 4, Demo
Chart GBPUSD, M15, 2018.10.26 00:29 UTC, Leverate, MetaTrader 4, Demo
  • www.mql5.com
GBPUSD, M15: support & resistance levels for 26/0ct/18
 
The GBPUSD drops to the 1.2800 level which has acted as support in the past and from where the pair may bounce to the upside. In case of a pullback, the 1.2900 level may act as resistance, but if the price continues dropping, the low at the 1.2660 level may act as support.
 
GBP/Usd pressure remains on the downside, it seems the pair would continue consolidating within the range between 1.2846 to 1.2750.
 
The British pound rose against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.2831, adding 0.11%. I believe that support is now at around 1.2778, the low of Friday's trading, and resistance is likely to be the level of 1.3092 - a maximum of Monday.
 

S&R day start 29/0ct/18