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GBP/USD daily outlook
Member Since Mar 28, 2016
94 posts
Jun 13, 2016 at 06:37
The GBPUSD attempted to push higher last week topped at 1.4659 but whipsawed to the downside and closed lower at 1.4264 and hit 1.4158 earlier today. Price broke below my “range area” as you can see on my daily chart below suggests a potential bearish scenario targeting 1.4000 this week. The bias is bearish in nearest term testing 1.4100. Immediate resistance is seen around 1.4225. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 1.4350 I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. get daily signls by mail visit my profile.
Member Since Dec 04, 2010
1447 posts
Jun 19, 2016 at 21:28
huge weekend gap over 100pips up on Friday's closing price. Now trading at 1.44700 odd
Member Since Oct 11, 2013
769 posts
Jun 20, 2016 at 04:29
Looks like another failed attempt of the GBPUSD to break above the 200 day EMA, around the 1.4586 zone.
Member Since Mar 28, 2016
94 posts
Jun 21, 2016 at 06:31
GBPUSD
The GBPUSD had a bullish momentum yesterday topped at 1.4717 but traded lower earlier today hit 1.4630. The bias is bullish in nearest term but 1.4700 area is a good place to sell with a tight stop loss. Immediate support is seen around 1.4615. A clear break below that area could lead price to neutral zone in nearest term testing 1.4550 or lower. On the upside, a clear break and daily close above 1.4700 would activate my bullish mode.
Jun 24, 2016 at 12:46
Like everyone else, I too thought there would be a major drop if Brexit actually came to pass, but I admit I wasn't expecting the drop to be that huge, though in retrospect maybe I should have. Considering the current situation, the decline is likely to continue.
Member Since Oct 02, 2014
905 posts
Jun 26, 2016 at 15:40
More than 30-year low.
Positivity
Member Since Oct 11, 2013
769 posts
Jun 28, 2016 at 02:32
The GBPUSD stalls at the 1.3200 level, it may try to bounce but there is no important level for the pullback to stop.
Member Since Mar 28, 2016
94 posts
Jun 28, 2016 at 06:57
The GBPUSD continued its bearish momentum yesterday bottomed at 1.3119 but traded higher earlier today hit 1.3327. The bias is neutral in nearest term probably with a little bullish bias testing 1.3475 – 1.3500 region. Immediate support is seen around 1.3220. I feel the effect of the Brexit referendum is still out there in the market so I will keep stand aside for now.
Member Since Oct 02, 2014
905 posts
Jul 03, 2016 at 16:04
Neutral on this pair for now.
Positivity
Jul 03, 2016 at 17:18
On Thursday, the Bank of England's Governor Mark Carney said that the uncertainty caused by Brexit, can put pressure on the UK economy for some time. To support it, the British regulator considers to mitigate the monetary policy until the end of the summer. Probably, the Bank of England in the first place will reduce the key interest rate by 25 basis points, and this will decrease the pound below $1.3.
