GBP/USD – Currency exchange rate forecast 22.08.2019: further advance.

GBP/USD - Currency exchange rate forecast 22.08.2019: further advance.

Long positions above 1.2175 with targets at 1.2300 & 1.2350 in extension.

Pivot: 1.2175

Our preference: long positions above 1.2175 with targets at 1.2300 & 1.2350 in extension.

Alternative scenario: below 1.2175 look for further downside with 1.2150 & 1.2120 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

1.2375

1.2350

1.2300

1.2254 Last

1.2175

1.2150

1.2120

GBP/USD – Currency exchange rate forecast 21.08.2019: under pressure.

GBP/USD - Currency exchange rate forecast 21.08.2019: under pressure.

Short positions below 1.2160 with targets at 1.2105 & 1.2080 in extension.

Pivot: 1.2160

Our preference: short positions below 1.2160 with targets at 1.2105 & 1.2080 in extension.

Alternative scenario: above 1.2160 look for further upside with 1.2180 & 1.2200 as targets.

Comment: the RSI advocates for further decline.

Supports and resistances:

1.2200

1.2180

1.2160

1.2133 Last

1.2105

1.2080

1.2065

GBP/USD Currency exchange rate forecast 19.08.2019: look for 1.2190.

GBP/USD Currency exchange rate forecast 19.08.2019: look for 1.2190.

Long positions above 1.2105 with targets at 1.2170 & 1.2190 in extension.

Pivot: 1.2105

Our preference: long positions above 1.2105 with targets at 1.2170 & 1.2190 in extension.

Alternative scenario: below 1.2105 look for further downside with 1.2075 & 1.2050 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:

1.2205

1.2190

1.2170

1.2136 Last

1.2105

1.2075

1.2050

GBP/USD Currency exchange rate forecast 15.08.2019: the bias remains bullish.

GBP/USD Currency exchange rate forecast 15.08.2019: the bias remains bullish.

Long positions above 1.2075 with targets at 1.2120 & 1.2145 in extension.

Pivot: 1.2075

Our preference: long positions above 1.2075 with targets at 1.2120 & 1.2145 in extension.

Alternative scenario: below 1.2075 look for further downside with 1.2060 & 1.2045 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

1.2165

1.2145

1.2120

1.2108 Last

1.2075

1.2060

1.2045

GBP/USD Currency exchange rate forecast 14.08.2019: the upside prevails.

GBP/USD Currency exchange rate forecast 14.08.2019: the upside prevails.

Long positions above 1.2045 with targets at 1.2100 & 1.2120 in extension.

Pivot: 1.2045

Our preference: long positions above 1.2045 with targets at 1.2100 & 1.2120 in extension.

Alternative scenario: below 1.2045 look for further downside with 1.2030 & 1.2015 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:

1.2130

1.2120

1.2100

1.2067 Last

1.2045

1.2030

1.2015

GBP/USD – Currency exchange rate forecast 05.07.2019: under pressure

GBP/USD - Currency exchange rate forecast 05.07.2019: under pressure

Short positions below 1.2180 with targets at 1.2130 & 1.2110 in extension.

Pivot: 1.2180

Our preference: short positions below 1.2180 with targets at 1.2130 & 1.2110 in extension.

Alternative scenario: above 1.2180 look for further upside with 1.2205 & 1.2235 as targets.

Comment: the RSI advocates for further decline.

Supports and resistances:

1.2235

1.2205

1.2180

1.2158 Last

1.2130

1.2110

1.2090

GBP/USD – Currency exchange rate forecast 02.07.2019: capped by a negative trend line

GBP/USD - Currency exchange rate forecast 02.07.2019: capped by a negative trend line

Short positions below 1.2640 with targets at 1.2575 & 1.2560 in extension.

Pivot: 1.2640

Our preference: short positions below 1.2640 with targets at 1.2575 & 1.2560 in extension.

Alternative scenario: above 1.2640 look for further upside with 1.2670 & 1.2685 as targets.

Comment: as long as 1.2640 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.2685

1.2670

1.2640

1.2605 Last

1.2575

1.2560

1.2540

GBP/USD – Currency exchange rate forecast 02.07.2019: watch 1.2560

GBP/USD - Currency exchange rate forecast 02.07.2019: watch 1.2560

Short positions below 1.2640 with targets at 1.2575 & 1.2560 in extension.

Pivot: 1.2640

Our preference: short positions below 1.2640 with targets at 1.2575 & 1.2560 in extension.

Alternative scenario: above 1.2640 look for further upside with 1.2670 & 1.2685 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:

1.2685

1.2670

1.2640

1.2609 Last

1.2575

1.2560

1.2540

GBP/USD – Currency exchange rate forecast 01.07.2019: under pressure

GBP/USD - Currency exchange rate forecast 01.07.2019: under pressure

Short positions below 1.2670 with targets at 1.2610 & 1.2585 in extension.

Pivot: 1.2670

Our preference: short positions below 1.2670 with targets at 1.2610 & 1.2585 in extension.

Alternative scenario: above 1.2670 look for further upside with 1.2690 & 1.2705 as targets.

Comment: the RSI is mixed with a bearish bias.

Supports and resistances:

1.2705

1.2690

1.2670

1.2636 Last

1.2610

1.2585

1.2570

GBP/USD – Currency exchange rate forecast 19.06.2019: further upside

GBP/USD - Currency exchange rate forecast 19.06.2019: further upside

Long positions above 1.2635 with targets at 1.2680 & 1.2705 in extension.

Pivot: 1.2635

Our preference: long positions above 1.2635 with targets at 1.2680 & 1.2705 in extension.

Alternative scenario: below 1.2635 look for further downside with 1.2595 & 1.2565 as targets.

Comment: the RSI is bullish and calls for further advance.

Supports and resistances:

1.2725

1.2705

1.2680

1.2655 Last

1.2635

1.2595

1.2565