GBP/USD daily outlook
Apr 08, 2017 at 12:46
The British pound was down against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2367, losing 0.82%. I believe that support is now at 1.2367, the low of Friday's trading, and the resistance is likely at 1.2556, Monday's high.
Member Since Dec 07, 2016
21 posts
Apr 09, 2017 at 06:30
As I told here before it will fluctuate within range , the nearest goal is 1.2150.
Power is nothing without control
Member Since Jul 10, 2014
1117 posts
Apr 12, 2017 at 14:23
The pair is stuck in a quite wide sideways consolidation between 1.2080 and 1.2700 and it's currently moving to the upside again. The closest target is at 1.2550.
Member Since Jan 17, 2017
8 posts
Apr 13, 2017 at 06:19
Looking for go up. First target 1.2575 then 1.2615
Member Since Oct 02, 2014
909 posts
Apr 14, 2017 at 08:33
GBP/USD had a good week this week as price advanced to a high of 1.2575. Next week the pair might consolidate if there are no major news to stir the market.
Positivity
Apr 16, 2017 at 13:11
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2525, gaining 0.12%. I believe that support is now at 1.2362, Monday's low, and resistance is likely at 1.2575, Thursday's high.
forex_trader_338100
Member Since Jun 21, 2016
898 posts
Apr 19, 2017 at 10:17
GBPUSD is losing 0.09% at 1.2830 and a break below 1.2623 (200-day sma) would expose 1.2521 (20-day sma) and finally 1.2513 (low Apr.18). On the upside, the next hurdle lines up at 1.2904 (high Apr.18) followed by 1.3125 (high Sep.22 2016) and then 1.3279 (high Sep.15).
Member Since Jul 10, 2014
1117 posts
Apr 19, 2017 at 13:18
GBP/USD moved sharply to the upside after the fundmentals yesterday and reached a new high at 1.2900. It's currently consolidating sideways, but it's possible the move to the upside is not over yet.
Apr 20, 2017 at 10:57
The British pound recorded a decline against the US dollar on Wednesday. The currency pair opened at 1.2841 and after a volatile session the pound ended at 1.2775. Daytime extreme values were reached at 1.2859 and 1.2769 respectively. The MA took up the beating formation as the indicators developed above the average levels, contributing to positive attitudes. The main challenge remains 1.3090.
forex_trader_338100
Member Since Jun 21, 2016
898 posts
Apr 21, 2017 at 09:43
GBPUSD is down 0.11% at 1.2798 and a breakdown of 1.2766 (low Apr.19) would expose 1.2619 (200-day sma) and finally 1.2549 (20-day sma). On the upside, the next next resistance lines up at 1.2904 (high Apr.18) followed by 1.3125 (high Sep.22 2016) and then 1.3279 (high Sep.15)
Apr 22, 2017 at 19:12
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD is trading at 1.2826, gaining 0.11%. I believe that support is now at around 1.2513, Tuesday's low, and resistance is likely at 1.2909, Tuesday's high.
Apr 22, 2017 at 19:14
As expected, the lightweight bearish correction from Wednesday was only temporary. On Thursday, we saw renewed demand below the 1.2800 level, and although the bullish outcome was not particularly long, rejecting the lower values was almost restored. This holds the 'cable' over the 200 MA.
Countering these positive facts, the price movement in the currency pair met support from investors during the Asian session of Friday. Conflicting signals indicate that timely analysis should be done with caution, although at this point I expect the corrective movement to deepen, forming lower bottoms.
Countering these positive facts, the price movement in the currency pair met support from investors during the Asian session of Friday. Conflicting signals indicate that timely analysis should be done with caution, although at this point I expect the corrective movement to deepen, forming lower bottoms.
Member Since Oct 02, 2014
909 posts
Apr 23, 2017 at 12:31
Good week for the Sterling. Maybe consolidation can be expected in the coming week and a slight correction to the downside before bulls attempt to go higher.
Positivity
Apr 24, 2017 at 19:56
French Election could effect more as Macron seems to be ahead in the 2nd round. Macron is anti UK due to the Brexit.
Technical chart is at the resistant zone but momentum is Bullish . However GBPUSD must break the previous Lower Low trendline ( Low of April 13, 2015 and Feb 29, 2016)
Check my Tickmil chart, and you need to update the price action according to your broker)
Technical chart is at the resistant zone but momentum is Bullish . However GBPUSD must break the previous Lower Low trendline ( Low of April 13, 2015 and Feb 29, 2016)
Check my Tickmil chart, and you need to update the price action according to your broker)
Attachments:
Helping new traders
Apr 25, 2017 at 10:26
GBP/USD:
The GBP/USD pair prolonged its consolidative price action and is currently placed closer to the lower band of its five-day old trading range, near 1.2775 levels.
The pair traded with mild bearish bias for the third consecutive session and continued with its struggle to build on previous week's strong up-surge led by the UK PM Theresa May's announcement to call for a snap election on June 8th.
GBP/USD Technical Levels:
On a sustained break below 1.2775-70 support, leading to a subsequent break below mid-1.2700s, would turn the pair vulnerable to aim back towards 1.2710-1.2700 support area. On the flip side, momentum back above the 1.2800 handle might continue to confront resistance near 1.2835-40 resistance area, above which a fresh bout of buying interest is likely to lift the pair back towards reclaiming the 1.2900 handle with some intermediate resistance near 1.2870-75 zone.
Trend Index:
Bullish
The GBP/USD pair prolonged its consolidative price action and is currently placed closer to the lower band of its five-day old trading range, near 1.2775 levels.
The pair traded with mild bearish bias for the third consecutive session and continued with its struggle to build on previous week's strong up-surge led by the UK PM Theresa May's announcement to call for a snap election on June 8th.
GBP/USD Technical Levels:
On a sustained break below 1.2775-70 support, leading to a subsequent break below mid-1.2700s, would turn the pair vulnerable to aim back towards 1.2710-1.2700 support area. On the flip side, momentum back above the 1.2800 handle might continue to confront resistance near 1.2835-40 resistance area, above which a fresh bout of buying interest is likely to lift the pair back towards reclaiming the 1.2900 handle with some intermediate resistance near 1.2870-75 zone.
Trend Index:
Bullish
