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GBP/USD daily outlook

alexforex007
Jul 27 2016 at 21:42
774 posts
Yes, the GBPUSD is still in a range, despite today's rally after the FED announcement. No clear trend in the middle term.

deresel
Jul 28 2016 at 21:39
708 posts
GBP - During morning trading EUR/GBP reached local highs near 0.8425 on a stronger euro, whereas yesterday's strong GDP data for the British pound left untouched since figures have lost their relevance.

idimitrov
Jul 30 2016 at 12:38
421 posts
The British Pound was up against the US Dollar on Friday. At the closing of trading session EUR GBP / USD has traded at 1.3228, gaining 0.49%. I believe that the support is now located at the level of 1.3055, Tuesday's low, and resistance is likely at level of 1.3302 - a maximum of Friday's trading.

idimitrov
Jul 30 2016 at 13:40
421 posts
The pair pound/dollar started to grow at the weakening of the dollar, but not strong. A support for the pound had the statistics. The volume of consumer credit in June increased from 1.59 to 1.87 billion. Mortgage lending in the same month increased from 2.90 to 3.3 billion. However, these data are insufficient for the couple go out from the lateral movement. Maybe next week something will change.

alexforex007
Aug 01 2016 at 05:11
774 posts
no direction on the GBPUSD, The pair is very undecided on the daily chart.

victoriajensen
Aug 02 2016 at 09:43
1117 posts
GBP/USD is testing 1.3250 again. A breakout above that resistance could lead to a further move to the upside towards 1.3300.

stian
Aug 02 2016 at 09:46
325 posts
GBP/USD will likely stay within the 1.31 - 1.3350 bound range it has been holding for the last 3 weeks until BoE decides in two days.

A rate cut is fully priced in, but some speculate in a largely unnecessary QE expansion.

paidsignal
Aug 03 2016 at 06:13
78 posts

The GBPUSD had a bullish momentum yesterday topped at 1.3365. The bias is bullish in nearest term testing 1.3400/20 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 1.3300. A clear break below that area could lead price to neutral zone in nearest term testing 1.3250 or lower.

deresel
Aug 03 2016 at 08:58
708 posts
Significant growth marked the pound against the dollar on Tuesday. So the British currency fully recovered its losses from the previous session and with a maximum for the day at 1.3364 has breached the first resistance at 1.3342. Short-term expectations are still in favor of the pound. In this case the pair can make a second test at a key level 1.3496. The Tuesday session opened at rate of 1.3174 and bullish trend was leading from the start. Finish line was crossed at a price of 1.3353.

idimitrov
Aug 03 2016 at 09:05
421 posts
Pound/dollar had upward momentum yesterday, topped at 1.3364. The bias is bullish in nearest term testing of 1.3400/20, but I mainly stay in the camp of bears yet. First support is seen at 1.3300. A clear break below that area could lead the price to neutral trade zone testing 1.3250 or lower.

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