GBPUSD technical and fundamental analysis

Key levels to watch for:
Support: 1.3737; 1.3522;
Resistance: 1.4034; 1.4164;

The dollar fell against the Japanese yen on Tuesday. The US currency recorded a significant drop and thus completely lost the lead from the previous session. Trading was opened at a rate of 110.91 and the final was set at 110.30. The trend was bearish all the time, and as a result, support at 110.31 was broken. Short-term indicators remain in favor of the yen.

Key levels to watch for:
Support: 110.31; 110.04;
Resistance: 111.48; 111.69;

GBP/USD has rallied for 8 of the last 10 days, adding a total of 6.85 cents (+5.1%), making this the biggest 10 day gain since 2 June 2009, 2241 trading days earlier #fx

The British pound recorded a positive session against the US dollar on Wednesday. The currency pair opened at 1.4144 and ended 45 pips higher. The chart continued to grow above the moving averages, while the relative strength index remained neutral. For additional pound gains, a breakthrough on the next resistance is needed.

Key levels to watch for:
Support: 1.4015; 1.3850; 1.3655;
Resistance: 1.4315;

The pound recorded a neutral session against the dollar on Tuesday. So the couple stayed at the lower levels they reached at the beginning of the week. Trading was open at 1.3957, and the finale was 11 pips down. Around midday, the bearish moods prevailed, and support at 1.3912 was punctured after the bottom was hit at 1.3836. Short-term expectations remain in favor of the US currency.

Key levels to watch for:
Support: 1.3912; 1.3828;
Resistance: 1.4283; 1.4345;

The British pound recorded a decline against the US dollar on Friday. The currency pair opened at 1.4098 and finished 87 pips lower. Daytime extreme values ??were reached at 1.4144 and 1.3996 respectively. The price has found support at 1.4015, but given the negative outlook, a sequential test at the relevant levels is not ruled out.

Key levels to watch for:
Support: 1.4015; 1.3850; 1.3650;
Resistance: 1.4315;

The pound recorded a volatile session against the dollar on Friday. In the end, trade ended in favor of the British currency, but the increase was negligible. If the bulls increase their influence, the pair will test the resistance at 1.4147. The session was opened at 1.3952 and the final was 14 pips up. The difference between the highest and the lowest was 100 pips.

Interesting levels to watch for:
Support: 1.3821; 1.3762;
Resistance: 1.4147; 1.4280;

The British pound recorded increase against the US dollar on Monday. The currency pair opened at 1.3796 and ended at 1.3848. Reaching the highest daily values at 1.3876, the price continues its upward movement from Friday and would test the first resistance level at 1.3917. With a successful break of 1.3917, the pound would head to 1.3990.

GBP/USD
Interesting levels to watch for:
Support: 1.3762; 1.3709; 1.3615
Resistance: 1.3917; 1.3990;

The pound gained positions against the dollar on Friday. The British currency justified the positive expectations and recovered some of the losses from the previous session. If the upward trend continues, the pair will break the resistance at 1.3930. Trade was open at a rate of 1.3806, and the pound added 38 pips to its value to the final. Peak for the day was reached at 1.3888.

GBP/USD
Levels to watch for:
Support: 1.3711; 1.3643;
Resistance: 1.3930; 1.4147;

Yesterday’s strong drop in Cable has been in tandem with rising volume and shrinking open interest, although by irrelevant levels. The inconclusive activity in both open interest and volume allows spot to extend the consolidation, with gains clearly capped by the 1.4100 neighbourhood for the time being.

GBP/USD
Key levels to watch for:
Support: 1.3814 1.3890 1.3946
Resistance: 1.4079 1.4155 1.4212

the price has not been able to mbreakout resistance level 1.4095. And now it seems to be the ideal time to open sell orders, which is supported by confirmation of MFI indicator that has passed the level 80 and BW MFI

The British pound recorded an increase against the US dollar on Monday. The session started at 1.4087 and finished 43 pips higher. The chart continued to grow above the moving averages, while the relative strength index remained neutral. Overall, the upward movement is devoid of impulse, but a break of 1.4215 will reinforce positive attitudes.