GBP/USD daily outlook

Nov 06, 2015 at 12:23
39,151 Visa
1,302 Replies
Medlem sedan Apr 09, 2016   421 inlägg
Oct 16, 2017 at 18:30
Pound / dollar gained momentum over the past week, forming a peak of 1.3337 after three consecutive descending candles per weekly chart. Expectations are neutral, probably with light bears signals, as we have a downward pin bar after the rejection of the resistance above 1.3330 for the 1.3225 test. Basically I stay in the bear camp, but I need a clear break above 1.3330 to re-activate my bullish model for retesting 1.3615.
Medlem sedan Feb 12, 2016   522 inlägg
Oct 17, 2017 at 13:52
GBP/USD - Dollar is pushing and price test at 1.3120 looks possible in short term period.
Medlem sedan Jul 10, 2014   1117 inlägg
Oct 17, 2017 at 18:12
GBP/USD bounced off from 1.3340 and is currently testing the support at 1.3155. A breakout below that level will likely lead to a drop towards 1.3090, which is the (MA)89 indicator on the daily time-frame. On the other hand, if it bounces off from 1.3155 it could rally back to 1.3250.
Medlem sedan Oct 11, 2013   775 inlägg
Oct 19, 2017 at 00:43
The GBPUSD breaks above the 1.3200 level, but there is no clear direction on the pair until it breaks above the 1.3300 or below the 1.3000 level.
Medlem sedan Oct 21, 2014   9 inlägg
Oct 19, 2017 at 14:44
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Medlem sedan Apr 09, 2016   421 inlägg
Oct 19, 2017 at 16:58
The British pound recorded a modest rise against the US dollar on Wednesday. The session started at 1.3188 and the pair added 16 pips. Graphics continued to grow below moving averages, while the relative strength index remained neutral. Attitudes remain positive, with more serious testing than the current 1.3260.
Medlem sedan Oct 02, 2014   909 inlägg
Oct 19, 2017 at 17:07
The pair lost some gains this week. I think the bullish run will continue.
Positivity
Medlem sedan Jul 10, 2014   1117 inlägg
Oct 20, 2017 at 17:12
GBP/USD bounced off yet again from the (MA)89 indicator on the daily time-frame at 1.3090. That said, it's doubtful it will break out above 1.3200 before the market closes for this week.
Medlem sedan Apr 09, 2014   834 inlägg
Oct 23, 2017 at 06:25
Gbp/Usd is neutral, showing no clear directional strength for now. Market continue to focus on any further Brexit development and we have UK GDP this week too.
Medlem sedan Oct 02, 2014   909 inlägg
Oct 24, 2017 at 13:22
Uncertainty prevails currently. I think it will be good to open long at 1.31.
Positivity
Medlem sedan Jul 10, 2014   1117 inlägg
Oct 25, 2017 at 16:56
GBP/USD broke out above 1.3200 and continues moving to the upside. Next target is likely the previous high at 1.3328. A breakout above that level could lead to a further move to the upside towards 1.3400.
Medlem sedan Apr 09, 2016   421 inlägg
Oct 26, 2017 at 09:36
The British pound fell against the dollar: the pair GBP/USD dropped by 0.14% to 1.3245. Investors are fixing profits after the increase on Wednesday. On Wednesday, the British pound rose in price by 1% after the release of the report on the acceleration of GDP growth in the UK in the third quarter, which increased the chances of raising the interest rate by the Bank of England next month.
Medlem sedan Apr 09, 2014   834 inlägg
Oct 30, 2017 at 07:41
Gbp/Usd is consolidating in the negative territory just above 1.31 level, showing no clear directional strength.
Medlem sedan Jul 10, 2014   1117 inlägg
Oct 31, 2017 at 17:56
GBP/USD is testing the resistance at 1.3270 of the sideways consolidation yet again. A breakout above that level could lead to a further move to the upside towards 1.3340.
Medlem sedan Jul 10, 2014   1117 inlägg
Nov 02, 2017 at 19:01
GBP/USD dropped sharply after the news that the Bank of England has hiked the interest rate from 0.25% to 0.50% but it still hasn't broken out below the support at 1.3030. The fundamentals tomorrow may give it the necessary push to do that.
Medlem sedan Oct 02, 2014   909 inlägg
Nov 03, 2017 at 16:57
GBP/USD fell off a cliff yesterday, but today it managed to hold on around 1.3070-1.3080. The pair seems to have found some support.
Positivity
Medlem sedan Nov 16, 2015   708 inlägg
Nov 03, 2017 at 19:57
Pound / dollar had a strong bearish momentum yesterday, after failing to break above the key resistance of 1.3330, reaching a bottom at 1.3042. The commercial signals are bearish for testing the daily EMA 200, located in the 1.3000 area. This region remains a good place to buy with tight stops, as a clear break and a daily / weekly closure below 1.30 will stem the main upside trend with a potential downside reversal scenario. The closest resistance is seen at 1.3135, whose breakthrough can take the price to a neutral zone with testing at 1.3200.
Medlem sedan Apr 09, 2016   421 inlägg
Nov 04, 2017 at 18:56
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD is trading at 1.3077, gaining 0.13%. I believe that support is now at around 1.3040, the low of today's trading, and resistance is likely at the level of 1.3321 - the maximum of Wednesday.
Medlem sedan Apr 09, 2014   834 inlägg
Nov 06, 2017 at 07:52
Gbp/Usd is consolidating around mid level between 1.30 to 1.31, showing no directional strength. 1.300 is key level, break below would gain strength to the downside.
Medlem sedan Feb 12, 2016   522 inlägg
Nov 07, 2017 at 15:23
GBP/USD - Dollar is pushing again and most likely in short term the price may test 1.3080/85
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