Sep 25 2018 at 17:43
GBPUSD moved lower, hopefully this week there will be an uptick to first res at 1.3365.
Positivity
GBP/USD: Ahead of FOMC, the pair holds steadily above 1,3150. Let's see how the FOMC minutes will affect the pair, but so far it shows signs of stability.
Sep 27 2018 at 11:03
Price drop after FOMC but support is coming in. Price could go back up to 1.3280 if we get some good economic data from UK
The pound is turning its direction. Healing slowly. Forming upside channel and the next stop would be 1.3200.
GBP/USD: The pair fell sharply as the dollar rose against all majors. The next level to look for is 1.3050.
Sep 28 2018 at 11:40
Neutral for the time being, waiting for fresh new developments.
Positivity
GBP/USD: Next stop - 1.2910. After that it's time for an upwards correction.
Why 1.2910? Looks like a stronger support at around 1.28. With brexit news the price could do anything at all
Oct 01 2018 at 15:33
This week GBP/USD may test 1.2950
GBP/USD continued the move down yesterday, making a bottom at 1.3011. The outlook remains bearish in the short term, but I recall the need for a clear break below the psychological level of 1.3000 for the restoration of the descending rally for the 1.2935 test. Immediate resistance is seen at 1.3090. A clear breakthrough over it may take the price to a neutral zone, but while it remains below 1.3175, I still prefer the bearish scenario at this stage. And any upward pressure should be considered as a good opportunity for short positions.
