GBP/USD daily outlook
Nov 14, 2016 at 13:52
The British pound record third consecutive day of gains against the dollar on Friday and second positive week. The price climbed by 45 pips for the day to 1.2597. The daily limit values were reached respectively at 1.2672 and 1.2524. RSI develops in positive territory as the price remains above the rising moving averages, supporting positive attitudes.
Nov 14, 2016 at 14:20
Pound / dollar last week continued its upward movement, formed a peak of 1.2673 but closed lower at 1.2597 and hit 1.2491 earlier today. Trade signals are neutral, but as long as price remains above 1.2330, the pair is still in bullish phase as part of the bullish scenario of the formation hammer (daily chart) with goals in the region of 1.2790. First support is 1.2450. Intraday resistance at 1.2600 followed by 1.2650.
Nov 15, 2016 at 14:42
The British pound erased some of its gains last week on Monday. GBP/USD broke three-day winning streak yesterday, reporting a drop of 88 pips to 1.2485. The pair traded within the extreme values 1.2591 and 1.2443. Despite the decline, the bulls remain in the leading position. Break 50-period average, however, will test their capacity by a further test of 1.2350.
Mitglied seit Jul 10, 2014
1117 Posts
Nov 17, 2016 at 12:46
GBP/USD bounced off the support at 1.2420 which coincides with the (MA)89 indicator on the four-hour time-frame after forming spinning top bars above that level on both the daily and four-hour time frames. Next target is likely at 1.2600.
Mitglied seit Oct 02, 2014
909 Posts
Nov 20, 2016 at 06:52
Staying out of this pair for now.
Positivity
Nov 25, 2016 at 07:43
On Thursday, the dollar was almost unchanged at 14-year peak against other major rivals amid lingering optimism over the US economy, while trade volumes remained fragile due to Thanksgiving. GBP/USD is stable at 1.2447. Nearest levels of support and resistance are respectivly at 1.2320 and 1.2500.
Nov 25, 2016 at 08:36
The pound recorded choppy trade against the dollar on Thursday. Ultimately opening price was close to closing, respectively, 1.2437 and 1.2446. The trend has been volatile, and the difference between the highest and lowest value for the day was 93 pips. If the pound justify positive expectations, the pair will test resistance at 1.2529 soon.
Mitglied seit Oct 02, 2014
909 Posts
Nov 27, 2016 at 07:34
Bearish on the pair.
Positivity
Mitglied seit Jul 10, 2014
1117 Posts
Nov 28, 2016 at 13:14
GBP/USD bounced off 1.2530 after forming a shooting star candlestick on the four-hour time-frame and continued falling. A breakout below the support at 1.2380 will likely lead to a further move to the downside towards 1.2300.
Mitglied seit Nov 15, 2016
5 Posts
Nov 29, 2016 at 10:58
Hi all. What expectations do you have for GBPUSD now? I think that GBP may hit 1.25 one more time.
Go breaking bad.
Mitglied seit Feb 19, 2014
61 Posts
Nov 29, 2016 at 15:49
hii any one help me where gbpusd moving bcz daily and h4 show down trend..
