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GBP/USD daily outlook

Justice1024
Apr 26 2018 at 14:30
210 posts
Pound / dollar resumed the downward momentum yesterday, reaching a bottom at 1.3922. Signals are bearish in the near future, especially if the price can make a clear break below 1.3917 for testing 1.3850 or lower as part of the bearish correction after the false break above 1.4275. The first resistance is at 1.4000, whose breakthrough may take the price to a neutral trading area, and the direction will become obscure. On downside, a clear break and daily closing below 1.3850 will clear the way to 1.3710 and the trendline support line. This zone is a good place for long positions with narrow stops because a clear break below it will cancel the main bullish views.

Ari Goldman (arigoldman)
Apr 28 2018 at 13:39
907 posts
Big drop this week in the pound, i believe we have reached support and next week a move up can be expected.

SarahDW
Apr 30 2018 at 06:24
229 posts
The pair has found immediate support at 1.3745, break below will confirm correction movement end and further decline ahead.

deresel
May 03 2018 at 08:36
708 posts
The British pound recorded a modest decline against the US dollar on Wednesday. The currency pair opened at 1.3613 and the price bounced from the first resistance at 1.3655. Eventually, the pound ended at 1.3571 and if the price went down, there could be a first support test at 1.3460.

deresel
May 03 2018 at 08:40
708 posts
GBP/USD
Key levels to watch for:
Support: 1.3460; 1.3300;
Resistance: 1.3655; 1.3850; 1.4015;

Justice1024
May 03 2018 at 10:17
210 posts
Pound/dollar resumed momentum down yesterday, making the bottom at 1.3554. I think the price convincingly breaks the trendline of support, which not only resolves the main bullish trend, but may be a sign of a downward reversal. Expectations remain down for testing at 1.3500 - 1.3460 in a near perspective. Immediate resistance is at 1.3625, whose breakthrough can take the price to a neutral zone for testing of 1.3660. But while the pair remains below 1.3710, I still prefer the bearish scenario and any upward pressure should be considered a good opportunity for short positions.

SarahDW
May 07 2018 at 07:03
229 posts
Gbp/Usd is consolidating in the negative territory, the pair is still under a lot of pressure, and found support zone around 1.3480/85, break below would lead to further decline.

Justice1024
May 09 2018 at 18:41
210 posts
Pound/dollar did not make a substantial move yesterday. Signals remain neutral, but overall I still prefer the bearish scenario at this stage. Intraday support is 1.3480/60. A clear breakthrough and daily closure under it can open the doors to 1.3300. Immediate resistance is 1.3600, whose breakthrough can lead to future upward pressure. But the longer the pair remains below 1.3710, each upward pressure should be seen as a good sales opportunity as part of the bearish scenario following the breakthrough trend line.

deresel
May 10 2018 at 12:47
708 posts
The British pound fell only slightly against the US dollar on Wednesday. The currency pair opened at 1.3546 and ended at 1.3545. The pound during the US session reached a peak of 6 days to 1.3606, after which the price dropped to 1.3540. In case the downward movement persists, the pair will focus on support at 1.3458.

deresel
May 10 2018 at 12:50
708 posts
GBP/USD
Key levels to watch for:
Support: 1.3458; 1.3300;
Resistance: 1.3710; 1.3931;

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