GBP/USD daily outlook
Jun 21, 2017 at 10:36
The British pound lost 107 pips against the dollar. The session was opened at 1.2736, and prior to noon the bulls scored their peak at 1.2757. This was the turning point of the day, as the bears broke the support at 1.2690, bottomed at 1.2602. At the end of the day 1 pound was exchanged for 1.2629 US dollars.
Jun 22, 2017 at 08:59
The British Pound attempted to offset the loss from the previous day by adding 43 pips to its asset against the dollar. The opening quote for the day was 1.2628, and before noon the bears recorded their bottom at 1.2589. There was a rapid response from the bulls and the course broke the resistance at 1.2690 to reach a peak of 1.2671. Bulls did not have the strength to keep the course over the resistance, and at the end of the day a pound was exchanged for 1.2671 US dollars.
เป็นสมาชิกตั้งแต่ Jul 10, 2014
1117 โพสต์
Jun 22, 2017 at 14:16
GBP/USD bounced off from 1.2590, but considering the doji candlestick and the shooting star candlestck that it has formed on the four-hour time-frame at 1.2680 it may test the aforementioned support at 1.2590 once again.
เป็นสมาชิกตั้งแต่ May 09, 2017
33 โพสต์
Jun 23, 2017 at 11:32
GBP/USD printed a weekly low of 1.2589 on Wednesday before BoE Chief Economist Andy Haldane’s hawkish comments pushed the pair higher to 1.2710.
UK Prime Minister Theresa May’s visit to Brussels failed to move the pair in a big way on Thursday. The spot traded around 1.27 levels in the Asian session today. The weekly 50-MA offers support at 1.2660.
Bearish exhaustion below weekly 50-MA
For three weeks now (including this week), the sellers have failed to keep the pair below weekly 50-MA. On the weekly chart, we clearly candles with long tails below the weekly 50-MA, suggesting dip demand/bearish exhaustion.
Reference: https://forexdaytips.blogspot.com/2017/06/will-gbpusd-bulls-be-able-to-defend.html
UK Prime Minister Theresa May’s visit to Brussels failed to move the pair in a big way on Thursday. The spot traded around 1.27 levels in the Asian session today. The weekly 50-MA offers support at 1.2660.
Bearish exhaustion below weekly 50-MA
For three weeks now (including this week), the sellers have failed to keep the pair below weekly 50-MA. On the weekly chart, we clearly candles with long tails below the weekly 50-MA, suggesting dip demand/bearish exhaustion.
Reference: https://forexdaytips.blogspot.com/2017/06/will-gbpusd-bulls-be-able-to-defend.html
Jun 24, 2017 at 10:37
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2719, gaining 0.29%. I believe that support is now at the level of 1.2587, the minimum of Wednesday, and the resistance is likely at 1.2817, the maximum of Monday.
เป็นสมาชิกตั้งแต่ Oct 02, 2014
909 โพสต์
Jun 25, 2017 at 10:12
GBP/USD is still hesitating, interesting to see what the week brings. Important events coming up.
Positivity
เป็นสมาชิกตั้งแต่ Jul 10, 2014
1117 โพสต์
Jun 26, 2017 at 14:58
GBP/USD bounced off from 1.2750 after forming a shooting star candlestick and a pair of spinning top candlesticks on the four-hour time-frame below that resistance. Next target is likely 1.2700 again.
Jun 27, 2017 at 18:05
The British pound reported a volatile session against the US dollar on Monday. The currency pair lost only 11 pips at a closing price of 1.2722. Daytime extreme values were reached at 1.2759 and 1.2706 respectively. A more significant challenge for the couple in the downward direction is the 1.2700 level. A potential breakthrough will create the possibility of a prolonged decline.
เป็นสมาชิกตั้งแต่ Jul 10, 2014
1117 โพสต์
Jun 28, 2017 at 13:39
GBP/USD continues moving to the upside despite the signals for the opposite, likely due to fundamentals. The pair broken out above the last high at 1.2860 and its next target is likely at 1.2975.
เป็นสมาชิกตั้งแต่ Oct 02, 2014
909 โพสต์
Jun 28, 2017 at 16:14
Good days for the Sterling lately. Pair is up significantly after the press conference of the central bankers.
Positivity
เป็นสมาชิกตั้งแต่ Feb 03, 2017
29 โพสต์
Jun 29, 2017 at 05:54
GBP/USD will most likely be range bound between 1.2850 and 1.2960
Don't panic over drawdown, instead manage it !!
เป็นสมาชิกตั้งแต่ Oct 11, 2013
775 โพสต์
Jun 30, 2017 at 03:20
The GBPUSD breaks above the 1.3000 level and above the 55 Week EMA. The bullish trend may continue towards the 1.3100 zone.
เป็นสมาชิกตั้งแต่ May 09, 2017
33 โพสต์
Jun 30, 2017 at 12:06
GBP/USD closed above 1.30 for the first time since May 19 after Carney’s hawkish twist on Wednesday yielded a bullish descending broadening wedge breakout. The currency pair traded above 1.30 levels in the Asian session today.
