GBP/USD daily outlook
Member Since Oct 02, 2014
909 posts
Jul 19, 2016 at 10:27
Still no sign of recovery.
Positivity
Member Since Jul 10, 2014
1117 posts
Jul 19, 2016 at 10:36
The pair is stalling at the 1.3180 level, but I think it will likely continue moving to the downside.
Member Since Oct 11, 2013
775 posts
Jul 19, 2016 at 23:36
The GBPUSD may consolidate around the 1.3200 level if the bearish momentum is lost. The 1.3532 level may act as resistance, while the 1.2800 may act as support.
Member Since Jul 12, 2016
78 posts
Jul 21, 2016 at 08:25
The GBPUSD failed to continue its bearish momentum yesterday topped at 1.3227 and hit 1.3274 earlier today in Asian session. The head and shoulders bearish formation I showed you yesterday is no longer valid. The bias is bullish in nearest term as we may have a false break (below 1.3100) bullish scenario testing 1.3315 region. Immediate support is seen around 1.3180. A clear break below that area could lead price to neutral zone in nearest term retesting 1.3100 key support.
Member Since Oct 11, 2013
775 posts
Jul 22, 2016 at 22:54
The GBPUSD is still bound by the 1.3100 as support and the 1.3200 zone as resistance. We should wait to see in which direction it breaks out of consolidation.
Member Since Oct 02, 2014
909 posts
Jul 24, 2016 at 14:12
Sterling looks very weak.
Positivity
Jul 24, 2016 at 21:55
Looking forward for the next week's GDP statistics and mortgage lending data in the UK. It's all old data on the 'other' Britain, but if they would be worse than expected, the sterling would not escape from the Bank of England's easing policy in the beginning of August.
Member Since Jul 10, 2014
1117 posts
Jul 26, 2016 at 10:24
GBP/USD is stuck in a tight range between 1.3160 - 1.3080 and it's doubtful that range will end before the fundamentals tomorrow.
Member Since Oct 11, 2013
775 posts
Jul 27, 2016 at 21:42
Yes, the GBPUSD is still in a range, despite today's rally after the FED announcement. No clear trend in the middle term.
Jul 30, 2016 at 12:38
The British Pound was up against the US Dollar on Friday. At the closing of trading session EUR GBP / USD has traded at 1.3228, gaining 0.49%. I believe that the support is now located at the level of 1.3055, Tuesday's low, and resistance is likely at level of 1.3302 - a maximum of Friday's trading.
Jul 30, 2016 at 13:40
The pair pound/dollar started to grow at the weakening of the dollar, but not strong. A support for the pound had the statistics. The volume of consumer credit in June increased from 1.59 to 1.87 billion. Mortgage lending in the same month increased from 2.90 to 3.3 billion. However, these data are insufficient for the couple go out from the lateral movement. Maybe next week something will change.
Member Since Oct 11, 2013
775 posts
Aug 01, 2016 at 05:11
no direction on the GBPUSD, The pair is very undecided on the daily chart.
Member Since Jul 10, 2014
1117 posts
Aug 02, 2016 at 09:43
GBP/USD is testing 1.3250 again. A breakout above that resistance could lead to a further move to the upside towards 1.3300.
Aug 02, 2016 at 09:46
(edited Aug 02, 2016 at 09:51)
GBP/USD will likely stay within the 1.31 - 1.3350 bound range it has been holding for the last 3 weeks until BoE decides in two days.
A rate cut is fully priced in, but some speculate in a largely unnecessary QE expansion.
A rate cut is fully priced in, but some speculate in a largely unnecessary QE expansion.
Member Since Jul 12, 2016
78 posts
Aug 03, 2016 at 06:13
The GBPUSD had a bullish momentum yesterday topped at 1.3365. The bias is bullish in nearest term testing 1.3400/20 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 1.3300. A clear break below that area could lead price to neutral zone in nearest term testing 1.3250 or lower.
Aug 03, 2016 at 08:58
Significant growth marked the pound against the dollar on Tuesday. So the British currency fully recovered its losses from the previous session and with a maximum for the day at 1.3364 has breached the first resistance at 1.3342. Short-term expectations are still in favor of the pound. In this case the pair can make a second test at a key level 1.3496. The Tuesday session opened at rate of 1.3174 and bullish trend was leading from the start. Finish line was crossed at a price of 1.3353.
Aug 03, 2016 at 09:05
Pound/dollar had upward momentum yesterday, topped at 1.3364. The bias is bullish in nearest term testing of 1.3400/20, but I mainly stay in the camp of bears yet. First support is seen at 1.3300. A clear break below that area could lead the price to neutral trade zone testing 1.3250 or lower.
