GBP/USD daily outlook
forex_trader_169700
Member Since Dec 30, 2013
158 posts
Nov 01, 2016 at 12:04
....AS THINGS STAND @ 1100HRS 01.11.2016
Member Since Mar 25, 2015
74 posts
Nov 01, 2016 at 12:50
GBP/USD broke the 1.2270 resistance level but went down and is currently traded at around 1.2230. I would wait until the Bank of England interest rate announcement this Thursday before opening my next trades on the pair.
Nov 03, 2016 at 00:31
RichardBills posted:
GBP/USD broke the 1.2270 resistance level but went down and is currently traded at around 1.2230. I would wait until the Bank of England interest rate announcement this Thursday before opening my next trades on the pair.
I would agree with you to wait the Bank of England's economic policy meeting this Thursday.
Member Since Oct 02, 2014
909 posts
Nov 04, 2016 at 13:47
Bearish on the Sterling.
Positivity
Nov 07, 2016 at 07:38
The British Pound was up against the US Dollar on Friday. By the close of US trading GBP USD was trading at 1.2517, gaining 0.44%. I believe that the support is now located at the level of 1.2141, Monday's low, and resistance is likely at the level of 1.2557 - the maximum of Friday's trading.
Nov 08, 2016 at 08:51
GBP/USD is climbing after forming several spinning top bars on the four hour time frame and rebounding from the support at 1.2380 and under different circumstances I would've opened a long position, but with the US elections looming on the horizon I think I will refrain from any kind of trading.
Nov 08, 2016 at 15:12
Seems like the UK economy is slowing, James Warren, Research Fellow at NIESR, said “Our estimates suggest that economic
growth slowed in 2016Q3 to 0.4 per cent, from 0.7 per cent in 2016Q2. While retail sales
have been buoyant in recent months, the production sector has acted as a drag on
economic growth. We estimate that output from the production sector declined by 0.2 per
cent in the third quarter of this year.”
growth slowed in 2016Q3 to 0.4 per cent, from 0.7 per cent in 2016Q2. While retail sales
have been buoyant in recent months, the production sector has acted as a drag on
economic growth. We estimate that output from the production sector declined by 0.2 per
cent in the third quarter of this year.”
Nov 09, 2016 at 10:32
There will be volatility whle the market shake this off. Oil was 3% down, and safe haven pairs like USDJPY was down to 101.20 levels. GBPUSD didn't rocket, but was above 1.25. We will see when the US trading session if we can regain some stability.
Member Since Mar 25, 2015
74 posts
Nov 09, 2016 at 13:08
Price is moving in a range of 150 pips in high volatility. Waiting for the trend to appear in the next couple of days but I expect the overall sentiment to be bullish. The fact that the Brexit decision was brought back to Parliament can strengthen the pound's positions.
Nov 10, 2016 at 07:12
On Wednesday, the dollar strengthend growth relative to other currencies as the US currency recovered from losses incurred on the background of the shocking news of the victory of Donald Trump in the presidential elections in the United States. GBP/USD rose by 0.32% to 1.2417, falling from a one-month high at 1.2548, reached earlier.
Nov 11, 2016 at 13:46
How far could this rally of GBP strengthening go? Dollar is stronger now than before the flash crash so we are this a bit behind, but GBPJPY have surpassed the pre-flashcrash levels with over 300 pip, EURGBP with over 150 pip, GBPCHF is around the level it was before, GBPCAD about 400 pip over.
Member Since Oct 02, 2014
909 posts
Nov 11, 2016 at 19:25
Strong week for the Sterling.
Positivity
Nov 13, 2016 at 08:41
The British Pound was up against the US Dollar on Friday. By the close of US trading GBP/USD was trading at 1.2599, gaining 0.40%. I believe that the support is now located at the level of 1.2349, Wednesday's low and resistance is likely at the level of 1.2674 - the maximum of Friday's trading.
