GBP/USD daily outlook
Jul 15, 2017 at 08:43
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.3100, adding 1.24%. I believe that support is now at around 1,2808, Wednesday's low, and resistance is likely at 1.3095, the high of Friday's trading.
Member Since Jul 10, 2014
1117 posts
Jul 17, 2017 at 14:18
GBP/USD finally found some resistance at 1.3110 and bounced off from that level after forming a shooting star candlestick on the four-hour time-frame. Next target is likely at 1.3000.
Member Since Nov 29, 2014
10 posts
Jul 18, 2017 at 08:02
I see we are up for Bullish any moment from now
Slow and Steady
Member Since Jul 10, 2014
1117 posts
Jul 20, 2017 at 15:11
GBP/USD bounced off from 1.2930 after forming a spinning top candlestick on the four-hour time-frame at that level and it will likely test 1.3000 next, which from a support will have become a resistance level.
Member Since Oct 11, 2013
775 posts
Jul 20, 2017 at 17:46
The GBPUSD tries to recover somewhat from today's drop, but the 1.3000 level may act as resistance, if the pair continues dropping, then the 1.2900 level may act as its next support.
Member Since Oct 02, 2014
909 posts
Jul 21, 2017 at 17:30
Not much of a movement this week. Overall bearish sentiment in the US dollar, possible upside momentum expected next week.
Positivity
Jul 23, 2017 at 17:58
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2994, gaining 0.15%. I believe that support is now at around 1.2930, Thursday's low, and resistance is likely at 1.3127, Tuesday's high.
Jul 25, 2017 at 14:56
The British pound recorded a volatile session against the US dollar on Monday. The currency pair started at 1.2992 and the pound registered a positive performance. Eventually, the currency pair ended at 1.3027 and if the upward trend continues, we can expect a break in the first resistance at 1.3090.
Jul 26, 2017 at 15:28
The British pound recorded a volatile session against the US dollar on Tuesday. The currency pair opened at 1.3027 and finished just 4 pips lower. Graphics continued to grow above the creeping averages, while the relative strength index remained neutral. If the bullish trend keeps the pair will focus on the resistance at 1.3090.
Jul 27, 2017 at 17:07
The British pound record also recorded a significant increase against the US dollar on Wednesday. The currency pair added 97 pips and the pound managed to break the first resistance at 1.0390. Daytime extreme values were reached at 1.3000 and 1.3123 respectively. If the price continues to rise, we can expect a resistance test at 1.3270.
Jul 28, 2017 at 12:38
The British pound also recorded a decline against the US dollar on Thursday. Session started at 1.3120 and the pound lost 56 pips. Graphics continued to grow above the creeping averages, while the relative strength index remained neutral. Establishing the pair above 1.3090 will be indicative of the interest of the bulls, whose next target is the resistance at 1.3270.
Member Since Oct 02, 2014
909 posts
Jul 28, 2017 at 12:48
GBP/USD has been really choppy lately. I'm out of this pair for now.
Positivity
