GBP/USD daily outlook
Member Since Dec 11, 2015
1487 posts
Mar 06, 2016 at 10:01
It's currently testing the resistance at 1.4220, a breakout above that level will mean it will likely continue rising much higher.
Member Since Oct 11, 2013
775 posts
Mar 08, 2016 at 06:10
Even though the GBPUSD is trying to stall its rally, if the pair continues higher, then the 55 day EMA may act as resistance, around the 1.4353.
Member Since Oct 11, 2013
775 posts
Mar 08, 2016 at 23:51
It seems like the GBPUSD wants to come back down, now the bullish correction is losing its momentum.
Member Since Oct 02, 2014
909 posts
Mar 09, 2016 at 09:19
Expecting a move upward now.
Positivity
Member Since Oct 11, 2013
775 posts
Mar 15, 2016 at 05:32
The Bank of England may decide the direction on the GBPUSD during this week, but to far the pair may try to go lower.
Member Since Oct 11, 2013
775 posts
Mar 15, 2016 at 23:34
Even though the GBPUSD dropped for today, the pair may end up consolidating around the 1.4200 and 1.4100 zone until the FED announcement.
Member Since Oct 02, 2014
909 posts
Mar 18, 2016 at 08:51
I exited my position, too uncertain.
Positivity
Mar 18, 2016 at 14:06
arigoldman posted:
I exited my position, too uncertain.
I agree. It's testing the resistance at 1.4490 - 1.4500, but today's Friday and the market will close later today. It could break above the resistance, but I'm not sure how good of an idea it is to open such a new position at this time.
Mar 26, 2016 at 03:30
It will likely return to 1.4070 - 1.4100 levels on Monday. No coming support for a rate hike from BOE, a hike from the Feds is still likely. All while you have brexit risk, with growing support. Telegraph poll about a week ago at 49% to leave - 47% to stay, all while leave was below 40 first half of 2015, and below 45 all of the remaing of the year, EU terrorism doesn't help the numbers.
Member Since Dec 11, 2015
1487 posts
Mar 26, 2016 at 09:47
I too think it will fall towards 1.4070. Once it reaches that support it will become clearer whether it will continue falling or not.
Member Since Mar 28, 2016
93 posts
Mar 29, 2016 at 06:10
The GBPUSD had a bearish momentum last week bottomed at 1.4057. The bias is bearish in nearest term testing 1.4050. A clear break and daily close below that area could trigger further bearish pressure testing 1.3900 area. Immediate resistance is seen around 1.4200. A clear break and daily close above that area could trigger further bullish pressure testing 1.4300 – 1.4400 area. My major technical outlook remains neutral but as long as stays below 1.4200 I prefer a bearish scenario at this phase.
