GBP/USD daily outlook
Member Since Oct 02, 2014
909 posts
Aug 11, 2017 at 09:47
GBP/USD did not do much, hopefully more volatility is coming.
Positivity
Aug 13, 2017 at 16:05
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD is trading at 1.3009, gaining 0.24%. I believe that support is now at around 1.2940, the low of Friday's trading, and the resistance was likely to come in at 1.3063, Monday's high.
Aug 15, 2017 at 12:54
The British pound recorded a decline against the US dollar on Monday. The session began at 1.2998 and ended 35 pips lower. Daily extreme values were reached at 1.3021 and 1.2956 respectively. The currency pair remains at risk of further decline, with the target at 1.2700. For a change in direction, a break of 1.3090 will be needed.
Aug 16, 2017 at 15:05
The British pound recorded a significant decline against the US dollar on Tuesday. The session began at 1.2963 and ended at 1.2868. Graphics continued to grow below moving averages, while the RSI remained in the resale area. If the bearish trend keeps, the pair will head to the first support at 1.2700.
Member Since Jul 10, 2014
1117 posts
Aug 17, 2017 at 15:17
GBP/USD is testing the support at 1.2840 and a breakout below that support level could lead to a further drop towards the next support 1.2790 - 1.2800.
Aug 17, 2017 at 22:58
victoriajensen posted:
GBP/USD is testing the support at 1.2840 and a breakout below that support level could lead to a further drop towards the next support 1.2790 - 1.2800.
I agree, the pair break below the immediate support level at 1.2840, would confirm further decline.
Aug 18, 2017 at 14:13
The British pound recorded a modest decline against the US dollar on Thursday. The session began at 1.2890 and ended 23 pips lower. Graphics continued to grow below moving averages, while the relative strength index remained neutral. If the direction goes down, the target will be the first support at 1.2700.
Member Since Jul 10, 2014
1117 posts
Aug 18, 2017 at 17:11
csc2009 posted:victoriajensen posted:
GBP/USD is testing the support at 1.2840 and a breakout below that support level could lead to a further drop towards the next support 1.2790 - 1.2800.
I agree, the pair break below the immediate support level at 1.2840, would confirm further decline.
The consolidation above 1.2840 continues and it is unlikely that the pair will break out below that support before the market closes today. Next week though there might be a further move to the downside.
Aug 19, 2017 at 10:31
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.2878, gaining 0.08%. I believe that support is now at around 1.2832, the low of Friday's trading, and the resistance is likely at 1.3024, Monday's high.
Member Since Sep 26, 2016
6 posts
Aug 21, 2017 at 06:42
Even tough the average retail sales and the average index earnings came stronger than expected the pair remains bearish. And unless the dollar gets hit badly I´m looking for a short to 1.27.
Aug 21, 2017 at 15:13
The pound/dollar currency pair registered a volatile session on Friday. The session started at 1.2867 and finished 8 pips higher. During the day the support at 1.2860 was broken, and it was enough for the bears to score at 1.2831. Peak for the day was reached at 1.2915.
Member Since Jul 10, 2014
1117 posts
Aug 21, 2017 at 15:53
GBP/USD may bounce off from 1.2880 which is the (MA)89 indicator on the daily time-frame and move to the upside towards 1.2925 - 1.2930. That said, considering the shooting star candlestick at 1.3265 on the weekly time-frame, which is still a valid signal for a move south, the overall drop may not be over yet.
Aug 22, 2017 at 15:35
The pound rose by 34 pips against the US dollar on Monday. The session was opened at 1.2864, and the last day's quote was 1.2898. During the day, the support at the 1.2860 level broke down, with the bears recording lows at 1.2849. Bulls peaked at 1.2915.
Member Since Jul 10, 2014
1117 posts
Aug 22, 2017 at 17:18
GBP/USD did break out below the support at 1.2880 and continued falling. A breakout below the previous low at 1.2830 could lead to a further move south towards 1.2700 or even 1.2680.
Aug 23, 2017 at 17:09
The dollar took 76 pounds of pound assets during trading on Tuesday. The session started at 1.2898, and the bulls prevailed over the bears only in the first four hours, reaching a peak of 1.2908. From that moment of the day, bear players dominated the market and led the course to the bottom at 1.2810 after the support was broken at 1.2860. At the end of the day, the currency pair was 1.2822.
Member Since Oct 02, 2014
909 posts
Aug 25, 2017 at 14:35
Difficult to trade lately... I hope it gets more clear next week.
Positivity
