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GBP/USD daily outlook

MagicMartingail (MagicMartingail)
Apr 04 2017 at 10:20
21 posts
GBP/USD is still in range 1.2050 - 1.2750. The better tactic now is to trade the range until pair doesnt break the border of channel up or down.

Power is nothing without control
DrVodka
Apr 04 2017 at 11:23
297 posts
MagicMartingail posted:
GBP/USD is still in range 1.2050 - 1.2750. The better tactic now is to trade the range until pair doesnt break the border of channel up or down.



that is 700 pips range . its not like anyone can hold in for 700 pips anyway .

MagicMartingail (MagicMartingail)
Apr 04 2017 at 14:42
21 posts


that is 700 pips range . its not like anyone can hold in for 700 pips anyway .


it's absolutely normal range, my strategy is adapted for ranges like this

Power is nothing without control
bestools
besttools
Apr 05 2017 at 06:56
898 posts

GBP/USD is up 0.04% at 1.2446 facing the next hurdle at 1.2556 (high Apr.3) followed by 1.2598 (high Mar.28) and finally 1.2562 (high Mar.31). On the other hand, a breakdown of 1.2395 (20-day sma) would expose 1.2375 (low Mar.29) and then 1.2362 (50% Fibo of the March up move).

deresel
Apr 05 2017 at 09:24
708 posts
The pound recorded a second consecutive loss against the dollar on Tuesday. The British currency continued negative momentum from the beginning of the week, but the decrease was not significant. If the bearish sentiment, however, become more intensive, the support at 1.2329 will be overcome soon. The session started at a price of 1.2484, while the pound lost 46 pips to the finish. The trend was volatile but ultimately the downward direction prevailed and the pair hit bottom at 1.2418.

deresel
Apr 05 2017 at 09:26
708 posts
Key levels to watch for:
Support: 1.2329; 1.2211;
Resistance: 1.2674; 1.2725.

bestools
besttools
Apr 06 2017 at 13:19
898 posts
Key support is at 1.2418, a breakdown below this level will confirm that the uptrend from 1.2109 had completed at 1.2615 already, then the following downward movement could bring price to 1.2200 area. Key resistance is at 1.2557, a break of this level will indicate that the uptrend from 1.2109 has resumed, then next target would be at 1.2650 area.

csa1234
Apr 07 2017 at 04:01
35 posts
GBPUSD will hit 1.26000 by NFP report, so get ready people for long positions triggers

bestools
besttools
Apr 07 2017 at 09:02
898 posts
GBP/USD is down 0.27% at 1.2435 and a breakdown of 1.2427 (20-day sma) would expose 1.2375 (low Mar.29) and then 1.2362 (50% Fibo of the March up move). On the other hand, the next hurdle aligns at 1.2556 (high Apr.3) followed by 1.2598 (high Mar.28) and finally 1.2562 (high Mar.31).

arigoldman (arigoldman)
Apr 07 2017 at 16:01
907 posts
The GBP/USD pair did not make any unexpected moves this week. The pair continued to trade in the range 1.25 and 1.2370. CMP 1.2397.

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