GBP/USD daily outlook
Member Since Oct 02, 2014
909 posts
Jul 13, 2018 at 18:22
Choppy market this week, i'm neutral currently, but more inclined towards bearish sentiment.
Positivity
Jul 17, 2018 at 16:59
The pound recorded a volatile session against the dollar on Monday. After all, the opening price was close to the closing price of 1.3227 and 1.3234, respectively. Initially, bullish moods dominated, and as a result, the resistance at 1.3285 was broken after the pair recorded a peak at 1.3292. Subsequently, the Pound lost the lead.
Member Since Dec 10, 2017
210 posts
Jul 17, 2018 at 17:40
The GBPUSD yesterday attempted to rise with a peak of 1.3292, but closed down at 1.3235. Trade signals are neutral in the near future. We have a descending pin bar formed on the EMA 200, which implies a potential downward pressure for 1.3200 test. A clear breakthrough and daily closure under this support would have to take the price for retesting 1.3100. Immediate resistance is at 1.3315, whose breakthrough will clear the bull's path to 1.3360 or higher.
Member Since Jul 12, 2016
78 posts
Jul 19, 2018 at 12:09
The GBPUSD attempted to push lower yesterday bottomed at 1.3010 but closed higher at 1.3068. The bias is neutral in nearest term. Overall price is still in a bearish phase but 1.3000 key support area remains a good place to buy. Immediate resistance is seen around 1.3100. A clear break above that area could trigger further bullish pressure testing the upper line of the bearish channel and 1.3200 region. On the downside, a clear break below 1.3000 would expose 1.2750 region.
Member Since Oct 02, 2014
909 posts
Jul 20, 2018 at 11:35
The pair got away from the support but today it went back in, looks like it could attempt a bullish move.
Positivity
Member Since Dec 10, 2017
210 posts
Jul 21, 2018 at 03:33
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD is trading at 1.3130, adding 0.89%. I believe that support is now at 1.2957, Thursday's low, and resistance is likely to come in at 1.3295, Monday's high.
Jul 24, 2018 at 07:15
The GBPUSD failed to continued its bullish momentum yesterday bottomed at 1.3082. The bias is neutral in nearest term probably with a little bearish bias testing 1.3050 region but key support remains around 1.3000 psychological level which remains a good place to buy. Immediate resistance is seen around 1.3160. A clear break above that area would retest the upper line of the bearish channel and 1.3200 area which remains a good place to sell. On the downside, a clear break below 1.3000 region would expose 1.2750 area.
Top Forex Robot
Member Since Oct 02, 2014
909 posts
Jul 27, 2018 at 10:07
Faring around 1.31 for the week with nothing exciting.
Positivity
Member Since Oct 02, 2014
909 posts
Jul 27, 2018 at 14:19
I'm bearish for the week ahead.
Positivity
Jul 29, 2018 at 06:40
GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday topped at 1.3200 and hit 1.3213 earlier today in Asian session. Price slipped above the bearish channel as you can see on my H4 chart below which is a serious threat to the major bearish trend. The bias remains bullish in nearest term testing 1.3300 region. Immediate support is seen around 1.3150. A clear break below that area could lead price to neutral zone in nearest term but would create a false breakout bearish scenario testing 1.3070 or lower.
The GBPUSD continued its bullish momentum yesterday topped at 1.3200 and hit 1.3213 earlier today in Asian session. Price slipped above the bearish channel as you can see on my H4 chart below which is a serious threat to the major bearish trend. The bias remains bullish in nearest term testing 1.3300 region. Immediate support is seen around 1.3150. A clear break below that area could lead price to neutral zone in nearest term but would create a false breakout bearish scenario testing 1.3070 or lower.
Top Forex Robot
Member Since Mar 28, 2016
93 posts
Jul 30, 2018 at 10:04
The GBPUSD didn’t make significant movement last week but overall still able to maintain its major bearish trend following a false break above the bearish channel as you can see on my H4 chart below. The bias is neutral in nearest term. Immediate support is seen around 1.3070. A clear break below that area could trigger further bearish pressure retesting 1.3000 psychological level which remains a good place to buy. Immediate resistance is seen around 1.3160. A clear break above that area would retest the EMA 200 located around 1.3215 area.
Member Since Oct 02, 2014
909 posts
Aug 09, 2018 at 14:43
Sterling rose today, there was a strong support that was broken so I expect more to the downside.
Positivity
