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GBP/USD daily outlook

Apr 26 2016 at 16:16
325 posts
In latest ICM poll remain got +1 percent, leave got +2, brexit risk lower? Meh, a few more polls and the risk is back on again.

Apr 27 2016 at 16:17
1117 posts
The pair found some resistance at 1.4640 and is currently testing the support at 1.4550. A breakout below that level could lead to a further drop to 1.4500.

Apr 27 2016 at 22:38
834 posts
I'm expecting further downside movement to next key target at 1.4500.

Apr 27 2016 at 23:19
774 posts
The GBPUSD may try to correct to the downside, since it has been losing some of its bullish momentum and it may be overbought.

Apr 28 2016 at 12:40
823 posts
I think the move to the upside will continue for the moment and the first target is likely 1.4670, which is the previous high.

Apr 28 2016 at 15:50
325 posts
More polls for the Brexit risk:

A poll by Saga with 8000 people over 50:
45% for brexit, 41% for remain.

In the YouGov poll, conducted on Monday and Tuesday, 42 per cent said they would vote for Brexit, up by three points in two weeks. 41 per cent said they wanted Britain to remain in the EU, up by one point.

With the ‘don’t know’ answers removed, 51 per cent backed Brexit compared to 49 per cent for ‘Remain’ - marking a switch from the previous poll two weeks ago.

Reports of less immigration by OECD, and no trade agreement from Obama, which is well received by people who are against the TTIP trade agreement

And with the growing risk for Brexit. The GBP is very likely to fall over the coming two months.

arigoldman (arigoldman)
Apr 30 2016 at 15:06
907 posts
Waiting to enter short.

May 02 2016 at 04:35
774 posts
Good rally on the GBPUSD, daily chart. But the pair may try to correct to the 1.4500 level from the 1.4657 zone.

May 03 2016 at 13:34
823 posts

GBP/USD is testing 1.4600, if it breaks out below that level its next target would be around 1.4560 - 1.4550.

May 03 2016 at 14:14
325 posts
We've seen it coming crashing down from 1.4750, currently at 1.4572 (and falling), since the TTIP leak earlier today.

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