GBP/USD daily outlook
Member Since Jul 10, 2014
1117 posts
Mar 02, 2017 at 14:31
csc2009 posted:
The uncertainty from the possibility of Scottish independence referendum continue give downward pressure on Pound, the pair has already broke below 1.2380 and I'm looking at potential target at 1.2200 level.
I agree, the pair will likely soon reach 1.2200. It already broke below 1.2300 and is very bearish for now.
forex_trader_338100
Member Since Jun 21, 2016
898 posts
Mar 02, 2017 at 14:40
Gbp/Usd is losing 0.11% at 1.2280 and a break below 1.2262 (low Mar.2) would aim for 1.2250 (low Jan.19) and finally 1.2036 (low Jan.11). On the flip side, the initial up barrier aligns at 1.2301 (high Mar.2) followed by 1.2395 (55-day sma) and then 1.2410 (100-day sma).
forex_trader_338100
Member Since Jun 21, 2016
898 posts
Mar 02, 2017 at 14:40
Gbp/Usd is losing 0.11% at 1.2280 and a break below 1.2262 (low Mar.2) would aim for 1.2250 (low Jan.19) and finally 1.2036 (low Jan.11). On the flip side, the initial up barrier aligns at 1.2301 (high Mar.2) followed by 1.2395 (55-day sma) and then 1.2410 (100-day sma).
Mar 03, 2017 at 18:14
The dollar changed unsignificantly near a seven-week high against other major currencies. Traders are taking profits after the recent rise of the dollar. The dollar has a growing against the probability of a US interest rate hike this month.
The pair GBP/USD fell by 0.32% to a minimum of six weeks at 1.2226.
The pair GBP/USD fell by 0.32% to a minimum of six weeks at 1.2226.
Mar 04, 2017 at 11:13
On Friday, the dollar fell against other major currencies. Traders continued to take profits after a recent rise in price of the dollar to a maximum of seven weeks. However, the depreciation of the dollar is limited because of the increasing likelihood of higher interest rates in the US this month.
The pair GBP/USD fell by 0.29% to a minimum of six weeks of 1.2230 after a research of group Markit said that last month the index of business activity in the manufacturing sector (PMI) fell to the UK five-month low of 53.3 against the values 54.5 in January. Analysts had expected in February to reduce this figure to 54.1. Later the pair rose to 1.2297.
The pair GBP/USD fell by 0.29% to a minimum of six weeks of 1.2230 after a research of group Markit said that last month the index of business activity in the manufacturing sector (PMI) fell to the UK five-month low of 53.3 against the values 54.5 in January. Analysts had expected in February to reduce this figure to 54.1. Later the pair rose to 1.2297.
Member Since Oct 02, 2014
909 posts
Mar 05, 2017 at 16:08
I'm long the Sterling, let's see how the week goes. Good support levels.
Positivity
Mar 06, 2017 at 13:10
Hello:
GBP/USD - The pressure coming out from the USD did not allow the price to fell down and to test the bottom from the March 03. This may bring some fresh air for the sterling and in case of break over 1.2300 may have clearer odd for new GBP increasing with targets around 1.2370
GBP/USD - The pressure coming out from the USD did not allow the price to fell down and to test the bottom from the March 03. This may bring some fresh air for the sterling and in case of break over 1.2300 may have clearer odd for new GBP increasing with targets around 1.2370
forex_trader_338100
Member Since Jun 21, 2016
898 posts
Mar 06, 2017 at 13:55
As of writing the Gbp/Usd losing 0.22% at 1.2277 and a break below 1.2212 (low Mar.3) would aim for 1.2197 (low Dec.28 2016) and finally 1.2036 (low Jan.11). On the flip side, the initial up barrier aligns at 1.2308 (high Mar.2) followed by 1.2389 (55-day sma) and then 1.2412 (100-day sma).
forex_trader_338100
Member Since Jun 21, 2016
898 posts
Mar 07, 2017 at 13:21
A convincing break below 1.2185 level would turn the pair vulnerable to extend its bearish slide immediately towards mid-1.2100s, en-route 1.2115-10 horizontal support. On the flip side, any recovery might now confront immediate resistance near 1.2235 level, above which the momentum could get extended back towards the 1.2300 handle.
Member Since Jul 10, 2014
1117 posts
Mar 07, 2017 at 14:07
GBP/USD is testing the support at 1.2185 and the pair is quite bearish, but a short retracement is possible because there is an inverted hammer candlestick as well as a doji candlestick on the one-hour time-frame above the aforementioned support.
Mar 08, 2017 at 11:19
The British pound recorded a decline against the US dollar on Tuesday. The pair lost 38 pips at a closing price of 1.2197. Daily extreme values were reached respectively at 1.2251 and 1.2168. Bearish sentiment retain its dominance at present, as confirmed break of 1.2150 will enable the continuing decline.
forex_trader_338100
Member Since Jun 21, 2016
898 posts
Mar 08, 2017 at 11:43
The 1.2200 target that was first indicated last Thursday was finally reached yesterday with overnight low of 1.2170. While most indicators still point to a lower GBP, downward momentum is not as impulsive as preferred and it is likely that we would see slow downward grind from here. The next level to aim for is at 1.2150 followed by 1.2100. Stop-loss is adjusted lower to 1.2310 from 1.2340 even though on a shorter-term note, 1.2270 is already a strong resistance.
forex_trader_338100
Member Since Jun 21, 2016
898 posts
Mar 09, 2017 at 08:47
GBP/USD is losing 0.08% at 1.2159 facing the next support at 1.2138 (low Mar.8) followed by 1.2036 (low Jan.11) and then 1.1979 (2017 low Jan.16). On the flip side, a breakout of 1.2253 (high Mar.7) would aim for 1.2302 (high Mar.6) and finally 1.2379 (55-day sma).
Member Since Jul 10, 2014
1117 posts
Mar 09, 2017 at 14:19
The pair bounced off from 1.2140 after forming a double bottom at that level and it will likely continue moving to the upside for now, especially if it breaks out above 1.2200.
forex_trader_315267
Member Since Mar 27, 2016
3 posts
Mar 10, 2017 at 08:07
Friday candle: RED
