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GBP/USD daily outlook

bingdaojiucai
May 28 2017 at 07:55
2 posts
idimitrov
May 29 2017 at 06:12
421 posts
The British pound was down against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.2804, losing 1.07%. I believe that support is now at around 1.2776, the low of Friday's trading, and the resistance is likely at 1.3044, Monday's high.

mae4206
May 29 2017 at 06:16
13 posts
still bearish?

take it as much as you can
csc2009
May 29 2017 at 06:23
834 posts
Cable showing strong bearish around 1.28 level, immediate support level can be found around 1.276/1.277.

victoriajensen
May 29 2017 at 12:39
1117 posts
GBP/USD fell all the way to 1.2775 before it finally bounced off from that support after forming a hammer candlestick on the one-hour time-frame. Currently the pair is retracing and it will likely reach 1.2890 - 1.2900.

csc2009
May 30 2017 at 06:43
834 posts
Correction movement remains on the downside, immediate support can be found around 1.2770/60 zone. The UK election and Brexit will be the key that drive this pair in the coming few weeks.

idimitrov
May 31 2017 at 05:56
421 posts
Pound / Dollar attempted to rise up yesterday, reaching a peak of 1.2850, but traded down earlier this morning, sliding below 1.2800. Expectations remain downside to testing support 1.2780, which is a good long-range area with narrow loss stops. A clear break below this level can clear the way down to 1.2700 - 1.2670 or lower. The first resistance is at 1.2850, whose breakthrough can take the price to a neutral zone with testing at 1.2900 / 25.

deresel
May 31 2017 at 11:32
708 posts
The British pound recorded a volatile session against the US dollar on Tuesday. The currency pair added only 20 pips at a closing price of 1.2857. Daytime extreme values ​​were reached at 1.2793 and 1.2887 respectively. If the bearish trend of the last few sessions continues, we can expect a first support test at 1.2700.

deresel
May 31 2017 at 11:34
708 posts
Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090; 1.3270.

bingdaojiucai
May 31 2017 at 15:23
2 posts
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