The British pound was down against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.3472, losing 0.42%. I believe that support is now at around 1.3221, Tuesday's low, and resistance is likely at 1.3550, the maximum of Friday's trading.
The uncertainty with Brexit negotiations continue affect Pound, support level can be found around 1.3420, break below will deeper the bearish correction movement.
Dec 04 2017 at 20:06
csc2009 posted:
The uncertainty with Brexit negotiations continue affect Pound, support level can be found around 1.3420, break below will deeper the bearish correction movement.
It bounced off from 1.3420 again and since the sideways consolidation continues it will probably start moving to the upside towards 1.3500.
The British pound recorded a volatile session against the US dollar on Monday. The currency pair opened at 1.3436 and finished 42 pips higher. The chart continued to grow above the moving averages, while the relative strength index remained neutral. If the direction is maintained, there may be an attempt to test the first resistance at 1.3540.
Dec 07 2017 at 17:43
GBP/USD bounced off from 1.3315. The pair is still bullish and the move to the upside may continue towards 1.3500.
Dec 08 2017 at 14:23
Good move on the cable lately.
Positivity
Gbp/Usd short term seems turned towards downside, support level can be found around 1.3350 and follow by 1.3310.
Dec 15 2017 at 11:39
On a short term. I think the pound will go down to the point of 1.32763.
Dec 16 2017 at 18:36
The pair has been difficult to trace lately.
Positivity
