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GBP/USD daily outlook

May 24 2018 at 16:55
708 posts
Key levels to watch for:
Support: 1.3300;
Resistance: 1.3460; 1.3655; 1.3850;

May 25 2018 at 07:15
210 posts
The rate of the single currency at the beginning of the session on Thursday managed to rise against the US currency to 1.1746 against the background of the general weakening of the US dollar and the growing crosses with the euro. With the maximum reached, the price dropped to 1,1705. Pressure on it could provide news that former Prime Minister and leader of the party 'Forward, Italy' Silvio Berlusconi on a vote of confidence will vote against the new government.

May 26 2018 at 10:23
210 posts
The British pound was down against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.3296, losing 0.63%. I believe that support is now at around 1.3295, the low of Friday's trading, and resistance is likely at 1.3491 - Tuesday's high.

christoffer (29gk3l)
May 27 2018 at 06:27
8 posts
YueWang posted:
Intraday Elliottwave Analysis: GBPUSD, no bottom sign yet

GBPUSD reached year-to-date new low at 1.3305.

Just as we discussed, it do break lower.

For Pound Futures, unless regain 1.3420, there's no major support until 1.3211.

Once reached, I expect a better base effort.

Above 1.3420, may re-test 1.3573/1.3609.

Daily support Levels: 1.3367 1.3337 1.3321 1.3291 1.3259

Daily resistance Levels: 1.3407 1.3413 1.3469 1.3499 1.3505

Intraday Trade Idea: (spot 1.3370, Asia market)

①Buy Latent Interest Order: 1.3291

②Buy Latent Interest Order: 1.3490

dude... it hit 1.33055 literally 2 days ago... but ye UK GDP came as expected so it might go a bit lower before it bounce, but I'm not gonna be the one pushing it down

May 27 2018 at 11:25
9 posts
Will the cable be bullish for the week? Please advise..

May 28 2018 at 05:57
229 posts
With bank holiday on Monday and light economic data this week, I would expect a short period of correction movement without directional strength, but the long-term bearish trend is not just over yet.

May 30 2018 at 08:00
210 posts
Pound/dollar expanded its bearish move yesterday, making the bottom of 1.3204. Signals remain bearish for testing 1.3150 in short terms. The closest resistance is at 1.3285. A clear break above this level can take the price to a neutral zone with testing 1.3350. I'm basically down and every bullish pressure should be considered as a good sales opportunity. On the downside, a clear breakthrough and daily closure below 1.3150 could open the doors to the psychological level of 1.3000 this week.

May 30 2018 at 08:33
708 posts
The British pound fell against the US dollar on Tuesday. The currency pair opened at 1.3307 and ended at 1.3249. The pound in the early hours of European trade fell sharply, breaking the level of support at 1.3300, reaching bottom for the day of 1.3204. In the event of a resistance break at 1.3300, we would expect a test at a level of 1.3456.

May 30 2018 at 08:36
708 posts
Key levels to watch for:
Support: 1.3220;
Resistance: 1.3300; 1.3456;

Ari Goldman (arigoldman)
Jun 01 2018 at 11:33
907 posts
GBPUSD is moving higher today, let's see how the news release affects the pair.

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