GBP/USD registered a volatile session on Wednesday. The pound has won 6 pips to an asset. The opening rate was 1.2473 and during the day there were numerous fluctuations in the currency pair. In the first hours of the new day, there was a slight majority of the bulls and they successfully took a peak at a level of 1.2505. There was awakening in bearish players and consequently the course reached the bottom at a rate of 1.2423 or just 3 pips from the first support. Eventually a British pound was worth 1.2479 against the US dollar.
victoriajensen
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GBP/USD continues moving to the upside despite the doji candlestick on the daily time-frame at the resistance at 1.2500. The closest target is likely at 1.2550.
victoriajensen
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The pair bounced off from 1.2530 after forming a doji candlestick and a shooting star candlestick at that level on the four-hour time-frame, it will likely retrace back to 1.2440 - 1.2430.
arigoldman
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GBP/USD reached a high of 1.2530 this week and then started going downhill. The pair is now 1.2484 as we approach the closing candles for the week. Trend on the short-term looks bearish with first bear target at 1.2453.
The British pound registered a volatile session against the dollar on Wednesday. The pair opened at 1.2448 and ended at 1.2432. The graphics continue to develop between moving average, while the index of relative strength remained on neutral territory. In the short term outlook remains neutral as overcoming the levels at 1.2516 or 1.2360 will determine prevailing attitudes.
victoriajensen
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GBP/USD is consolidating sideways above 1.2400 - 1.2410 and if it breaks out below that level it will likely continue falling.
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arigoldman
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GBP/USD held its ground after Article 50 was triggered. The pair looks strong enough to make a move to the upside next week.
Pound/Dollar tried to lift up in the end of the week, topped at 1.2539. Overall price is still in the downward phase after break below the bullish price channel, but has not yet managed to stay convincingly below EMA 200 and moves in the minor ascending channel. The outlook is neutral for now, perhaps with slight bullish signals for testing 1.2550. The nearest support is at 1.2475. A clear break below that area could trigger further downside pressure testing a key support 1.2375, which needs to be clearly pierced down for the continuation of the bearish scenario.
fxstrategist
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Good rally on the GBPUSD for today, the pair breaks above the 1.2500 level and it may try to reach the 1.2600 level.
The British pound was up against the US dollar on Friday. By the close of the US trading, GBP/USD is trading at 1.2550, gaining 0.65%. I believe that support is now at 1.2375, the minimum of Wednesday, and the resistance is likely to come in at 1.2618, the maximum of Monday.
victoriajensen
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GBP/USD bounced off from 1.2555 after forming a doji candlestick and a spinning top candlestick at that level on the four-hour time-frame. It's currently testing the support at 1.2470 and a breakout below that level will probably lead to a further drop towards the previous low at 1.2375.
tradesnprofits
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1.233 i wanna see
The pound recorded a second consecutive loss against the dollar on Tuesday. The British currency continued negative momentum from the beginning of the week, but the decrease was not significant. If the bearish sentiment, however, become more intensive, the support at 1.2329 will be overcome soon. The session started at a price of 1.2484, while the pound lost 46 pips to the finish. The trend was volatile but ultimately the downward direction prevailed and the pair hit bottom at 1.2418.
arigoldman
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The GBP/USD pair did not make any unexpected moves this week. The pair continued to trade in the range 1.25 and 1.2370. CMP 1.2397.
