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GBP/USD daily outlook

SarahDW
Aug 13 2018 at 06:40
229 posts
GBP/Usd is consolidating around 1.275 because quiet Monday, but there are no signs of indicating downward exhaustion.

arigoldman (arigoldman)
Aug 14 2018 at 09:30
907 posts
The pair seems to be difficult to get a ride on.

Justice1024
Aug 15 2018 at 08:00
210 posts
Pound / dollar attempted to rise up yesterday with peak at 1.2827, but dropped then closed down to 1.2719. The signals remain bearish for testing at 1.2650 / 00. Resistance for the day is 1.2730, whose breakthrough can take the price to a neutral zone with testing at 1.2825. I still prefer the bear camp and any bullish pressure should be seen as a normal move and a good sales opportunity.

deresel
Aug 18 2018 at 17:06
708 posts
Bullish for now. Next target: 1.2770.

SarahDW
Aug 19 2018 at 07:53
229 posts
Brexit uncertainty weighs in, GBP/Usd upside is limited. Consolidation continues to just above 1.2700 level, resistance can be found around 1.2750/55.

alexforex007
Aug 21 2018 at 07:14
774 posts
The GBPUSD retraces above the 1.2800 level and if it keeps correcting to the upside, then the 1.2956 may become resistance. The bearish trend is still in place on the GBPUSD.

arigoldman (arigoldman)
Aug 21 2018 at 16:01
907 posts
I think GBPUSD is going to depreciate in light of the recent USD rally. Altho I'd like to see the opposite.

SarahDW
Aug 21 2018 at 22:18
229 posts
Despite ''no deal'' Brexit fears, GBP/Usd the risk is turned to the upside, Pound benefits from weak Dollar and broke above 1.29 level, possible to knock on the door of 1.3000.

Justice1024
Aug 22 2018 at 19:19
210 posts
Pound/dollar is trying to test 1.30, as it seems.

SarahDW
Aug 22 2018 at 20:47
229 posts
Upside momentum seems to take a pause, I'm expecting the pair trade sideways for the short-term. Resistance can be found at 1.2936 and follow by 1.2960, on the downside, immediate support is at 1.2865.

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