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GBP/USD daily outlook
Sep 29, 2016 at 10:43
Member Since Nov 16, 2015
708 posts
On Thursday, the pound fell against USD, despite the publication of upbeat UK data, as the US dollar was supported by comments from yesterday's Federal Reserve Chairman Janet Yellen.
During European morning trade, the pair GBP/USD reached 1.3002, the session low, and subsequently consolidated at 1.3004, shedding 0.13%.
During European morning trade, the pair GBP/USD reached 1.3002, the session low, and subsequently consolidated at 1.3004, shedding 0.13%.
Sep 30, 2016 at 07:50
(edited Sep 30, 2016 at 08:06)
Member Since Dec 09, 2015
823 posts
The pair is still pushing to the downside despite the spinning top and hammer bars that have formed on the 4-hour time frame. A breakout below 1.2945 would be a signal for another drop towards 1.2915 - 1.2900.
Oct 02, 2016 at 11:05
Member Since Apr 09, 2016
421 posts
The British Pound was up against the US Dollar on Friday. By the close of US trading GBP/USD was trading at 1.2978, gaining 0.08%. I believe that the support is now located at the level of 1.2914, Monday's low, and resistance is at the level of 1.3060 - the maximum of Thursday.
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Oct 05, 2016 at 16:02
Member Since Feb 11, 2011
1916 posts
hope my 2 shorts positions go in profit before the hammer strikes
Member Since Jul 12, 2016
78 posts
Oct 06, 2016 at 13:38
Member Since Jul 12, 2016
78 posts
The GBPUSD was indecisive yesterday. The bias remains bearish in nearest term testing 1.2600 before targeting 1.2500. Immediate resistance remains around 1.2790. A clear break and daily close back above that area could lead price to neutral zone in nearest term testing 1.2860 area but overall I remain bearish.
Member Since Oct 02, 2014
909 posts
Oct 10, 2016 at 10:34
Member Since Dec 09, 2015
823 posts
csc2009 posted:
Although the pair has quickly rebounded back to around 1.243 level but after the Pound collapse open the possibility to the downside of 1.2000 handle.
I agree. We might see some retracement after such a massive drop, but for the moment the pair remains very bearish.
Oct 11, 2016 at 06:28
Member Since Oct 11, 2016
2 posts
Already saw the retracement Friday - whether you take the 1.19 lows at most brokers or the or the 1.12 etc from some sources - pair retraced > 78.6 that day. Saw lots of folks calling for a bounce completely ignoring this. Holding short.
Oct 11, 2016 at 09:20
Member Since Nov 16, 2015
708 posts
The British pound continued to depreciate against the dollar for a third day on Monday. The pair slid 35 pips to 1.2359, with a decline of over 5% for the past eight sessions. Trading took place in the final values 1.2443 and 1.2344. Technically the bears remain in the leading position, but recovery of the RSI and inability to breakthrough from current levels may lead to start of an upward movement.
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