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GBP/USD daily outlook

BaldoN (BaldoN)
May 10 2018 at 13:31
522 posts
GBP/USD - Nice range and two levels to be monitored:
down side - 1.3485/90 for long entry and
upper side - 1.3615/25 for short entry.
I believe market will go up, but I do not want to enter from current levels with such a big stop of 50 + points :)

arigoldman (arigoldman)
May 11 2018 at 17:47
907 posts
I closed my short position, ready to see some correction.

May 14 2018 at 06:42
229 posts
Gbp/Usd consolidation continues around 1.35/36 zone, showing very little changes. Short-term the pair is showing no clear direction.

May 14 2018 at 06:46
66 posts
Intraday Elliottwave Analysis: GBPUSD, divergence is anywhere

GBPUSD traded around 200 day MA for several days.

We see clear divergence, but bulls need to regain at least 1.3975.

If not, deeper retracement toward 1.3211/1.3155 could not be ruled out.

If today close above will be regain some upside momentum.

To the downside, nearest support is 1.3420/1.3387.

Daily support Levels: 1.3544 1.3526 1.3499 1.3453 1.3438

Daily resistance Levels: 1.3568 1.3594 1.3618 1.3649 1.3670

Intraday Trade Idea:

Sell Latentinterest Order: 1.3689

Buy Latentinterest Order: 1.3439 5 days' trial period is available. Welcome to backtesting!
May 16 2018 at 12:16
708 posts
The pound fell against the dollar on Tuesday. The British currency did not meet the positive expectations and lost positions. So the pair broke the first support at 1.3458, but the final was placed above these levels. The session was opened at 1.3555, and the bearish moods dominated from the start. The bottom of the day was hit at 1.3450 and the closing price was 53 pips higher.

May 16 2018 at 12:19
708 posts
Key levels to watch for:
Support: 1.3458; 1.3426;
Resistance: 1.3616; 1.3664;

May 16 2018 at 13:04
210 posts
Pound / dollar had momentum down yesterday, sliding under strong support of 1.3480, but closed higher at 1.3506. Expectations are downward so far, especially if the price can make a convincing move below 1.3480 for testing 1.3330. Immediate resistance is at 1.3525, whose breakthrough can take the price to a neutral zone with testing at 1.3600. I remind, however, that the longer the pair remains below 1.3710, I stay bearish and every bullish pressure should be considered a good opportunity to place short positions.

arigoldman (arigoldman)
May 18 2018 at 14:15
907 posts
GBP/USD looks like it's ready for an upward move at current market price around 1.3460.

May 21 2018 at 09:46
229 posts
The pair has continued losing ground, testing 1.34 handle. Break below, we are looking at 1.33 level.

arigoldman (arigoldman)
May 23 2018 at 08:08
907 posts
5 month low for the Sterling. And it seems there's more way down.

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