GBP/USD daily outlook

GBP/USD reacts to the upside this week. I think we can see 1.35 next week.

Not a clear direction on the GBPUSD during the past three days. The pair is oscillating around the 1.3400 level but the death cross is still in place on the daily chart, showing us that the pair may continue lower. To the downside, the 1.3300 level may act as support and the 1.3500 level may act as resistance.

Bulls remain strong ahead of UK manufacturing report, the pair would continue the bullish trend as long as the pair stays above 1.3420.

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Initially pound / dollar had an ascending momentum yesterday, but then dropped and made the bottom at 1.3256. This fact keeps the bears' phase strong. Signals are descending in short terms for testing 1.3204 / 00. The closest resistance is at 1.3300, whose breakthrough can take the price to a neutral trading area. Any upward pressure can be seen as a good opportunity for short positions.

I think 1.32 is not too far in the distance and possibly 0.618 at 1.2960.

GBP/Usd seems settled just above 1.32 level, still in negative territory, but I would wait for a break out to confirm further downside extension. Support level can be found at 1.3200 and follow by 1.3100.

Next week is not full of trend-changing events. So I say, let's trade GBP/USD in range.

Gbp/Usd recovered from the yearly low last week and now consolidating around 1.3260, immediate support can be found at 1.3240, break below will increase the pair's bearish potential.

Slightly recovered this week. Trend is still undefined in the short term.

GBP/Usd starts resuming its losses, important support level can be found around 1.305 level, break below would open the door to further decline.

The British pound recorded a modest rise against the US dollar on Wednesday. The session started at 1.3189 and the price managed to break the first resistance at 1.3200. Eventually, the pair ended at 1.3225 and if the bullish trend continues, we can expect an attempt to break the next resistance at 1.3300.

GBP / USD
Key levels to watch for:
Support: 1.3200; 1.3100; 1.2960;
Resistance: 1.3300;

GBP/USD has moved somewhat north, first res 1.3290.

GBP/USD failed to nose dived last Friday.
Expect it to touch 1.37

The starts the week a bullish gap, Pound is pushing above 1.33 level after UK government decided to go for ''soft'' Brexit.

Pound / dollar fell yesterday, reaching a bottom of 1.3200, and earlier today hit 1.3189. The outlook is down to testing the support of 1.3100 - 1.3050, especially if the price can make a clear breakthrough and a convincing move below 1.32. Resistance for the day is 1.3225. A clear break above this level could take the pair into a neutral trading area with testing at 1.3275 or higher.

Pound / dollar was indecisive yesterday, but still managed to keep the downside after failing to break the EMA 200. The price continues to notice lower tops and bottoms on daily chart, and earlier today hit 1.3164. The signals remain bearish in the short term to test support 1.3100 - 1.3050. Immediate resistance remains 1.3225, whose breakthrough can take the price to a neutral zone for testing 1.3275.

The British pound did not find a direction against the US dollar on Thursday. The currency pair opened at 1.3203, closing unchanged. The pound did not find a direction throughout the day, as we would expect the pair to test the next level of support at 1.3135. Otherwise, breaking the resistance at 1.3300, we would expect the upward movement to resume.