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GBP/USD daily outlook

Sep 29 2016 at 10:43
708 posts
On Thursday, the pound fell against USD, despite the publication of upbeat UK data, as the US dollar was supported by comments from yesterday's Federal Reserve Chairman Janet Yellen.
During European morning trade, the pair GBP/USD reached 1.3002, the session low, and subsequently consolidated at 1.3004, shedding 0.13%.

Sep 29 2016 at 10:44
708 posts
Key levels to watch for:
Support: 1.3000; 1.2875; 1.2790;
Resistance: 1.3200; 1.3355.

Sep 30 2016 at 07:50
823 posts
The pair is still pushing to the downside despite the spinning top and hammer bars that have formed on the 4-hour time frame. A breakout below 1.2945 would be a signal for another drop towards 1.2915 - 1.2900.

Oct 02 2016 at 11:05
421 posts
The British Pound was up against the US Dollar on Friday. By the close of US trading GBP/USD was trading at 1.2978, gaining 0.08%. I believe that the support is now located at the level of 1.2914, Monday's low, and resistance is at the level of 1.3060 - the maximum of Thursday.

Oct 03 2016 at 02:50
834 posts
A gap down, the pair seems continue its sideway but overall downtrend movement.

Oct 03 2016 at 10:17
325 posts
UK economy continue strong with a contruction PMI beating estimates above 55. When the May comments settle, the pair might head towards 1.30 again. Even the oil boost is good for the UK economy.

Oct 03 2016 at 11:51
297 posts
i agree 1.30 is def on the cards this week

Oct 03 2016 at 15:39
823 posts
GBP/USD broke below 1.2914 and it is clearly very bearish for the moment. I think that next target will be the previous low at 1.2788.

Oct 04 2016 at 12:09
823 posts
Not only did GBP/USD reach 1.2788 but it broke below that level. I think next target is 1.2700.

Oct 05 2016 at 06:42
297 posts
GBP/usd is way oversold .waiting for a rebound to 1.30

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