GBP/USD

[gka]

What's going on with gbpusd?

GBPUSD bearish at short and long terms and was resisted by weekly S1 sentiment level 1.3569 at 2-3 am (London time). And there is a big gap.

See 1 hour chart attached and last post of thread

"Predicting future FX support and resistance levels using mathematics"

 

[fxstrategist]

Possible bearish continuation on the GBPUSD

The GBPUSD keeps its bearish momentum and breaks below the 1.3500 level. The pair may continue falling to the 1.3400 level.

 

[Josh7]

I think GBPUSD is going to depreciate in light of the recent USD rally. Altho I'd like to see the opposite.

 

[Tempted]

I think GBPUSD is going to depreciate in light of the recent USD rally. Altho I'd like to see the opposite.

So you shall see....

 

[Josh7]

So you shall see....

1.2960 is my upper target to go short. 1.2590 is my lower target to go long. See how it goes.

 

[ForexAngel512]

Pound/dollar is trying to test 1.30, as it seems.

 

[ForexAngel512]

Despite the correction today, I still wait for 1.3000.

 

[ForexAngel512]

1.30 would do for me.

 

[fxstrategist]

Consolidation continues on the GBPUSD

The GBPUSD consolidates between the 1.2800 level and the 1.2956 level, which was support in the past and may now act as resistance. Below the 1.2800 level, its next support could be the 1.2700 zone and to the upside, the 200 day EMA at the 1.3322 level may act as resistance.

 

[Josh7]

I'm waiting to sell around 1.3180, it's kinda in a consolidation right now, if it breaks 1.2980 we could see another leg up.

 

[ForexAngel512]

The pound has weakend, I think the next level to consider is 1.2800.

 

[neenan1]

Whats everyone expecting from the US GDP figures tomorrow?

 

[Josh7]

I'm neutral, will be observing from the side.

 

[neenan1]

we'll that moved up quick!

 

[hiramoti]

we'll that moved up quick!

i think it should go to 1.3080

 

[ForexAngel512]

The dollar sparked again.

 

[Josh7]

I'm bearish on the pair until 1.2590. Good opportunity to go long.

 

[Wilson80]

I'm bearish on the pair until 1.2590. Good opportunity to go long.

I do not know if it can reach 1.2590, however I see it run down to 1.2661 (2018 low).

 

[Josh7]

I do not know if it can reach 1.2590, however I see it run down to 1.2661 (2018 low).

I think that's achievable if we get some hard Brexit news this month.

 

[fxstrategist]

Good support on the GBPUSD

The GBPUSD falls to the 1.2800 level where it finds a good support and bounces to the upside. The 1.3000 level may act as resistance and the 1.2660 level may act as support, but for now the pair consolidates around the 1.2900 level.