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GBP/USD daily outlook

arigoldman (arigoldman)
Aug 11 2017 at 09:47
907 posts
GBP/USD did not do much, hopefully more volatility is coming.

idimitrov
Aug 13 2017 at 16:05
421 posts
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD is trading at 1.3009, gaining 0.24%. I believe that support is now at around 1.2940, the low of Friday's trading, and the resistance was likely to come in at 1.3063, Monday's high.

csc2009
Aug 13 2017 at 23:05
834 posts
Gbp/Usd is consolidating around 1.30 level, showing no clear directional strength. Focus turn to UK inflation data on Tuesday.

idimitrov
Aug 15 2017 at 12:54
421 posts
The British pound recorded a decline against the US dollar on Monday. The session began at 1.2998 and ended 35 pips lower. Daily extreme values ​​were reached at 1.3021 and 1.2956 respectively. The currency pair remains at risk of further decline, with the target at 1.2700. For a change in direction, a break of 1.3090 will be needed.

idimitrov
Aug 16 2017 at 15:05
421 posts
The British pound recorded a significant decline against the US dollar on Tuesday. The session began at 1.2963 and ended at 1.2868. Graphics continued to grow below moving averages, while the RSI remained in the resale area. If the bearish trend keeps, the pair will head to the first support at 1.2700.

victoriajensen
Aug 17 2017 at 15:17
1117 posts
GBP/USD is testing the support at 1.2840 and a breakout below that support level could lead to a further drop towards the next support 1.2790 - 1.2800.

csc2009
Aug 17 2017 at 22:58
834 posts
victoriajensen posted:
GBP/USD is testing the support at 1.2840 and a breakout below that support level could lead to a further drop towards the next support 1.2790 - 1.2800.


I agree, the pair break below the immediate support level at 1.2840, would confirm further decline.

idimitrov
Aug 18 2017 at 14:13
421 posts
The British pound recorded a modest decline against the US dollar on Thursday. The session began at 1.2890 and ended 23 pips lower. Graphics continued to grow below moving averages, while the relative strength index remained neutral. If the direction goes down, the target will be the first support at 1.2700.

victoriajensen
Aug 18 2017 at 17:11
1117 posts
csc2009 posted:
victoriajensen posted:
GBP/USD is testing the support at 1.2840 and a breakout below that support level could lead to a further drop towards the next support 1.2790 - 1.2800.


I agree, the pair break below the immediate support level at 1.2840, would confirm further decline.


The consolidation above 1.2840 continues and it is unlikely that the pair will break out below that support before the market closes today. Next week though there might be a further move to the downside.

idimitrov
Aug 19 2017 at 10:31
421 posts
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.2878, gaining 0.08%. I believe that support is now at around 1.2832, the low of Friday's trading, and the resistance is likely at 1.3024, Monday's high.

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