FX.co ★ dusty24 | GBP/USD

Analysis and Forecast for the GBPUSD Currency Pair Based on Technical Analysis Last week, the British Pound against the US Dollar showed a fairly good trend, reaching the level of 1.3340, which on my chart corresponds to the 161.8% Fibonacci level and was approximately my main target. Currently, there are no signs of a price reversal, so it can be assumed that the upward trend will continue next week after a slight pullback. This pullback can be used to open long positions. The nearest support level for me is located at 1.3270, which was the high of the previous trading week. However, I believe that long positions can be opened even earlier, around the 1.33 mark. The target for growth in the GBPUSD currency pair will, of course, be the resistance level of 1.35, and possibly in this area the price will continue its trading, as I think all this autumn strengthening of the dollar was temporary. However, there are not many factors for the Pound's growth, so the level of 1.35 may satisfy all market participants.