GBP/USD daily outlook
Uczestnik z Apr 09, 2016
421 postów
Jul 03, 2017 at 05:38
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.3028, adding 0.16%. I believe that support is now at around 1.2703, Monday's low, and resistance is likely at 1.3030, the high of Friday's trading.
Uczestnik z Jul 10, 2014
1117 postów
Jul 04, 2017 at 14:13
GBP/USD is testing the support at 1.2915. A breakout below that level will probably lead to a further move to the downside towards 1.2850, which is the (MA)89 indicator on the four-hour time-frame.
Uczestnik z Apr 09, 2016
421 postów
Jul 04, 2017 at 16:18
The British pound recorded a volatile session against the US dollar on Monday. The currency pair opened at 1.3002 and finished 65 pips lower. If the direction goes down, the pair will probably break the first support at 1.2700. On the upside, the pound will move to resistance at 1.3090.
Uczestnik z Jul 10, 2014
1117 postów
Jul 05, 2017 at 14:19
The pair is testing the support at 1.2890 but even though it has not broken out below that level it is still very bearish, especially considering the hanging man candlestick that has formed on the daily time-frame at the resistance at 1.3030.
Uczestnik z Oct 02, 2014
909 postów
Jul 08, 2017 at 15:59
Interesting development this week. Big drop, lots of longs taken out.
Positivity
Uczestnik z Apr 09, 2016
421 postów
Jul 08, 2017 at 20:00
The British pound was down against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2891, losing 0.61%. I believe that support is now at the level of 1.2868, the low of Friday's trading, and the resistance is likely at the level of 1.3024 - the maximum of Monday.
Jul 09, 2017 at 07:23
The GBPUSD had a bullish momentum yesterday topped at 1.2982. The bias is bullish in nearest term retesting 1.3050 key resistance which remains a good place to sell with a tight stop loss as a clear break and daily/weekly close above that area would activate my bullish mode targeting 1.3350 area next week. Immediate support is seen around 1.2925 area. A clear break below that area could lead price to neutral zone in nearest term testing 1.2875 region. Fundamental focus today will be on the US NFP number.
Top Forex Robot
Uczestnik z Nov 14, 2015
325 postów
Jul 09, 2017 at 07:24
Devhuti posted:
The GBPUSD had a bullish momentum yesterday topped at 1.2982. The bias is bullish in nearest term retesting 1.3050 key resistance which remains a good place to sell with a tight stop loss as a clear break and daily/weekly close above that area would activate my bullish mode targeting 1.3350 area next week. Immediate support is seen around 1.2925 area. A clear break below that area could lead price to neutral zone in nearest term testing 1.2875 region. Fundamental focus today will be on the US NFP number.
Think this 'Forex Robot' is out of the loop, NFP was last week.
Uczestnik z Apr 09, 2014
834 postów
Jul 10, 2017 at 06:34
Immediate support level can be found around 1.2860/63, break below we are looking for further decline.
Uczestnik z Jul 10, 2014
1117 postów
Jul 10, 2017 at 15:11
I agree, the pair is still consolidating above 1.2860, but a breakout below that support could lead to a further drop towards 1.2800 at least.
Uczestnik z Oct 02, 2014
909 postów
Jul 10, 2017 at 17:25
Looks like it will try to go above 1.29. Interesting to see Wednesday's news.
Positivity
Uczestnik z Apr 09, 2014
834 postów
Jul 11, 2017 at 11:54
The pair short term bounce above 1.29 level, political uncertainty still drives the Pound, 1.3000 appears to be strong resistance.
Uczestnik z Jul 10, 2014
1117 postów
Jul 12, 2017 at 12:35
The pair bounced off from 1.2860 after forming several very telling candlesticks above that level on the four-hour time-frame - namely an inverted hammer candlestick, a hammer candlestick and a doji candlestick. Next target is likely the last high at 1.2926.
Uczestnik z Jul 13, 2017
1 postów
Jul 13, 2017 at 07:49
Hope this pair continues bullish today.
Uczestnik z Nov 29, 2014
10 postów
Jul 13, 2017 at 07:50
Bullish forming
Slow and Steady
Uczestnik z Jul 10, 2014
1117 postów
Jul 13, 2017 at 14:32
GBP/USD not only reached 1.2926 but broke out above that level and reached a high 1.2955 before forming a shooting star candlestick on the one-hour time-frame and bouncing off the aforementioned high. Next target is likely 1.2900 or 1.2890, which is the (MA)89 indicator on the same one-hour time-frame.
Uczestnik z Jul 10, 2014
1117 postów
Jul 14, 2017 at 13:17
GBP/USD bounced off from 1.2910 and moved to the upside, forming a new high at 1.3010. The next high is at 1.3030 and a further move to the upside towards that target is quite likely.
Uczestnik z Nov 29, 2014
10 postów
Jul 14, 2017 at 17:04
Nice Bull today
Slow and Steady
Uczestnik z Nov 16, 2015
708 postów
Jul 14, 2017 at 17:12
On Thursday, the dollar did not find the strength to oppose the English currency. New 56 pips were added to pound assets during Thursday's session. The day was found at 1.2882 and the bottom of the bear came in the first minutes of the session at 1.2878. For almost the whole day, he had been subject to the whispers. The course reached a peak of 1.2954. At the end of the day a British pound was exchanged for $ 1.2938.
Uczestnik z Apr 09, 2016
421 postów
Jul 14, 2017 at 17:16
Pound / dollar had a rising impulse yesterday, breaking the resistance 1.2925 after rebounding from the daily EMA 200, as seen on the daily chart. This fact closes the scenario of the downward pin bar. Expectations are up for testing the resistance of 1.3000 - 1.3050, which remains a good place to place sales with narrow stops above 1.3050. The closest support is seen at 1.2900. A clear breakthrough below this level can take the price to a neutral zone, the direction will become obscure, potentially testing 1.2850 / 15. I basically remain neutral to this pair.
