GBP/USD analysis

[mlawson71]

GBP/USD is consolidating around 1.2150 but the move south will probably continue next week.

 

[mlawson71]

The pair continues consolidating sideways, let's see what effect the fundamentals will have on it this week.

[mlawson71]

The move south continues, I think we will see it drop below 1.2000 next week.

[mlawson71]

It found some support at 1.2000 but I think we will see it continue depreciating.

[mlawson71]

The sideways consolidation continues and it may require fundamentals to end it.

[mlawson71]

It found support at 1.2140, I think we will see it move north.

[mlawson71]

I think next week the move north will continue.

[mlawson71]

It's forming a pullback, the move north after will likely continue.

[mlawson71]

The pair remains undecided, but it may break out above 1.2500 by the end of the week.

[mlawson71]

The market is opening soon again, the pair will probably rally toward 1.2500.

[mlawson71]

It formed a spinning top on the daily time-frame at 1.2950, so I think there may be a new move south.

[mlawson71]

GBP/USD was testing 1.2935 and was bullish, I wouldn't be surprised if it reached 1.3000.

[mlawson71]

The pair is bullish, let's see whether it will develop above 1.2860.