GBP/USD daily outlook
Member Since Oct 11, 2013
775 posts
May 04, 2016 at 01:37
The GBPUSD erased momentarily all the loses since the begining of the year when it came close to the 1.4800 level, but then it goes back down very fast after the UK manufacturing came out worse than expected. For now the pair may continue dropping towards the 1.4500 zone.
May 04, 2016 at 12:58
The pair bounced off the support at 1.4470, which is EMA89 on the four-hour time frame, but I don't think this is the end to the move to the downside. In my opinion GBP/USD would test the support one more time at least, and if it breaks below it it will continue falling towards 1.4400.
Member Since Oct 02, 2014
909 posts
May 07, 2016 at 19:18
Maybe a little more to the downside.
Positivity
Member Since Oct 11, 2013
775 posts
May 07, 2016 at 23:56
The GBPUSD is getting closer and closer to the 1.4400 level. The zone may act as support, but the bearish trend is still in place in the short term.
May 10, 2016 at 11:29
The pair is moving between the support at 1.4400 and and the resistance at 1.4470, we'll have to see which one of these levels it will break below or above for range to end. Right now it's a little unclear what direction the pair will take.
Member Since Oct 11, 2013
775 posts
May 10, 2016 at 16:41
The GBPUSD on the daily chart has bounced from the 55 day EMA, just below the 1.4400 level. The pair may either go back and visit the 1.4500 level or drop below the 1.44 and visit the 1.4300 level.
Member Since Mar 28, 2016
93 posts
May 17, 2016 at 20:43
The GBPUSD had a bullish momentum yesterday topped at 1.4414 and hit 1.4493 earlier today. The bias is bullish in nearest term testing 1.4530 region. Immediate support is seen around 1.4450 area. A clear break below that area could lead price to neutral zone in nearest term testing 1.4400 which need to be clearly broken to the downside to keep the false break bearish scenario remains strong. On the upside, a clear break and daily close above 1.4530 could trigger further bullish pressure retesting the daily EMA 200 this week.
Member Since Mar 28, 2016
93 posts
May 20, 2016 at 16:48
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.4500 area. On the upside, key resistance remains around the daily EMA 200 located around 1.4700 region. A clear break and daily/weekly close above that area would activate my bullish mode targeting 1.5000 next week.
Member Since Oct 11, 2013
775 posts
May 23, 2016 at 05:01
The GBPUSD is at the 1.45, if it breaks that level to the downside, the bearish momentum may accelerate towards the 1.4400 level, the 1.4600 may act as resistance.
Member Since Oct 02, 2014
909 posts
May 23, 2016 at 13:42
Sharp decline today.
Positivity
