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GBP/USD daily outlook

victoriajensen
Sep 21 2016 at 11:19
1117 posts
GBP/USD broke below 1.3000 yesterday, but has since started consolidating between 1.2940 and 1.3000, which will likely last until the FED news later today.

idimitrov
Sep 22 2016 at 14:01
421 posts
GBP/USD

The pair rose during yesterday's session after the price found support at 1.2945 for a second consecutive day. The meeting at the Federal Reserve contributed to increased volatility, which was peaking at 1.3046. Overall pound rose by 42 pips to 1.3028. The pair remains below average values. A break of 1.3070 would open the possibility of a test of 1.3150/60.

idimitrov
Sep 25 2016 at 08:59
421 posts
The British pound fell against the dollar on Friday. By the close of US trading GBP / USD was trading at 1.2955, shedding 0.92%. I believe that the support is now located at the level of 1.2915, the low of Friday's trading, and resistance is at the level of 1.3125 - the maximum of Thursday.

csc2009
Sep 26 2016 at 01:00
834 posts
The pair may extend further decline this week after the corrective pulled back against 1.300 level.

dianajs
Sep 27 2016 at 15:35
823 posts
The pair formed a doji bar and a hammer bar above the support at 1.2910, I think that was the end of the drop for now.

idimitrov
Sep 28 2016 at 20:21
421 posts
The dollar lost gains against the other major currencies on Wednesday after the release of positive data on orders for durable goods in the US, while the markets are still focused on the long-awaited meeting of key oil producers.
GBP/USD is down by 0.09% to 1.3007.

csc2009
Sep 28 2016 at 23:12
834 posts
Gbp/Usd is in a consolidation mood with a limited upside. Pounds stay well in the range between 1.2910 to 1.3120.

idimitrov
Sep 29 2016 at 08:57
421 posts
GBP/USD - buy at 1.3014
• Log: 1.3024 (market)
• Stop: 1.2983
• Take profit: 1.3089
• Time for execution: 1 day

idimitrov
Sep 29 2016 at 09:53
421 posts
Pound/dollar was indecisive yesterday but still managed to keep the bullish intraday signals and hit 1.3057 earlier this morning. Trading signals remain for up to test 1.3100, but I prefer bearish scenario as a whole. Immediate support is seen at 1.3000, a break below could lead the price to neutral trading zone for testing 1.2950/00 but important support remains at 1.2790.

deresel
Sep 29 2016 at 10:41
708 posts
The British pound recorded neutral session against the US dollar on Wednesday. The pair lost only 5 pips at a closing price of 1.3015. If the downward trend continues, most likely the pound will test the first support located at 1.3000. Otherwise, the upside, the pair will test resistance at 1.32000.

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